Credit Name: Qualified Research and Development Tax Credit
Expiration Date: Unknown
Does it apply to C corps and pass-through entities?: Yes
Credit Carry forward: Carry Forward 10 years
Description: One calculation method – QREs are defined the same as the IRC §41. The credit is equal to 5% of the SC QREs for the given tax year.
Other Notes: The credit cannot offset more than 50% of the taxpayer’s tax liability.