Credit Name: 1299-D, lines 24-33
Expiration Date: 12/31/2026
Does it apply to C corps and pass-through entities?: Yes
Credit Carry forward: Carry forward up to 5 years.
Description: Nonrefundable credit of 6.5% of incremental QREs. Illinois credit uses the average QREs used for the federal base period.
Other Notes: Form indicates using the Illinois portion of data from the federal form, implying that the company must take the federal credit also.
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About Us
For more than 20 years, Hull & Knarr has been the R&D Tax Credit Trail Guide to hundreds of innovative companies. We are not an accounting firm. Our team is led by a group of industry veterans that are degreed engineers, CPAs, and tax professionals whose expertise awards our clients the peace of mind they seek out in an otherwise challenging terrain.
Contact Us
| 916 E Westfield Blvd, Suite 300 Indianapolis, IN 46220 | |
| 317.889.8494 | |
| info@hullandknarr.com |
About Us
For the last 20 years, Hull & Knarr has been the R&D Tax Credit Trail Guide to hundreds of innovative companies. We are not an accounting firm. Our team is led by a group of industry veterans that are degreed engineers, CPAs, and tax professionals whose expertise awards our clients the peace of mind they seek out in an otherwise challenging terrain.
Contact Us
| 916 E Westfield Blvd, Suite 300 Indianapolis, IN 46220 | |
| 317.889.8494 | |
| info@hullandknarr.com |
About Us
For the last 20 years, Hull & Knarr has been the R&D Tax Credit Trail Guide to hundreds of innovative companies. We are not an accounting firm. Our team is led by a group of industry veterans that are degreed engineers, CPAs, and tax professionals whose expertise awards our clients the peace of mind they seek out in an otherwise challenging terrain.
Contact Us
| 916 E Westfield Blvd, Suite 300 Indianapolis, IN 46220 | |
| 317.889.8494 | |
| info@hullandknarr.com |
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