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Indiana R&D Tax Credit

Indiana R&D Tax Credit

Funds Indiana innovation activity through tax credits tied to qualifying innovation and workforce-linked growth.

Between cyclesIndiana Department of RevenueUnited StatesEligible in Indiana
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About

The Indiana Research Expense Credit (REC) is a nonrefundable state income tax credit administered by the Indiana Department of Revenue (DOR) under IC 6-3.1-4. The credit is calculated at 15% of qualified research expenses (QREs) above the taxpayer's base-period amount, up to a $1 million ceiling; incremental QREs above that $1 million base-period threshold are credited at 10%. An alternative simpl…

What this grant funds

Indiana nonrefundable state income tax credit for qualified research expenses conducted in the state, calculated on an incremental basis at 15% and 10% tiers with a 10-year carryforward.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Tax credit
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
Funding analytics

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Industries

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Eligibility criteria

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Last verified: 22 Jul 2026Source: www.in.gov