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