Massachusetts Gov. Deval Patrick has signed legislation that both simplifies and increases the R&E credit over the next decade. The change provides for a calculation methodology similar to the Federal Alternative Simplified method. This method will be available for calendar years beginning after 2014 and calculated based on qualified research expenses that exceed half of the three prior year’s average expenses. The credit percentage is 5% for 2015 – 2017, 7.5% for 2018 – 2020, and 10% after 2020.