List of States with
R&D Tax Credits
Research and development (R&D) tax credits are a valuable incentive offered by many states to encourage businesses to invest in innovation.
These credits can significantly reduce a company’s tax liability, making it more affordable to develop new products, processes, or services.
Increased Cash Flow
The R&D tax credit translates to real money back in your pocket, boosting your cash flow and fueling further innovation.
Increased Cash Flow
The tax savings from R&D credits can improve a company’s cash flow, which can be reinvested in R&D activities.
Enhanced competitiveness
R&D tax credits can help companies stay competitive by making it more affordable to develop new products and services.
It’s important to note that the specific R&D tax credit programs vary from state to state. Some states offer refundable tax credits, while others offer non-refundable tax credits. The amount of the credit can also vary depending on the state and the type of R&D activity.
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Mississippi
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- New York
- Ohio
- Pennsylvania
- Rhode Island
- South Carolina
- Texas
- Utah
- Virginia
- Vermont
- Wisconsin
If you’re interested in claiming R&D tax credits for your business, you should consult with a tax advisor who specializes in R&D tax credits. We can help you determine if your business is eligible for the credit and can assist you with the claim process.