Iowa 2018-01-29T20:57:09+00:00

State R&D Tax Credits

State R&D Tax Credits

Iowa

Credit Name: IA 128: Iowa Research Activities Credit (IA 148 is aggregate credits and has instructions)

Expiration Date: Unknown

Does it apply to C corps and pass-through entities?: Yes

Credit Carry forward: Refundable, therefore N/A

Description: Refundable credit of 6.5% of excess Iowa QREs (through a rather convoluted set of ratios) as defined under section 41. Net is approximately half of the federal credit, Iowa expenses only.

Other Notes: Complex forms

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