Credit Name: Qualified Research and Development Tax Credit
Expiration Date: Permanent
Does it apply to C corps and pass-through entities?: Yes
Credit Carry forward: 7 years – credit available beginning 2012
Description: 20% of the excess QREs over the average of the prior 3 years’ QREs, Federal definition of QREs using only Alaska QREs
Other Notes: Companies may not claim both the federal and Alaska credits for the same QREs. Expenditures may not be claimed for any other federal or state credit.