State R&D Tax Credits


Credit Name: Wisconsin Research Expense Credit

Expiration Date: Unknown

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

Credit Carry forward: 15 years

Description: A 5.75% credit for qualified research expenses that exceed 50% of average expenses for 3 tax years immediately preceding the tax year for which credit is claimed.

An additional 11.5% credit is available for expenses incurred during the development of certain internal combustion engines, lighting and control systems, and automotive batteries.

Other Notes: “Qualified research expenses” are defined under Internal Revenue Code Sec. 41, occurring in Wisconsin. Up to 10% of the credit claimed can be refunded, effective for tax years beginning after December 31, 2017.

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