Minnesota R&D Tax Credit
Funds Minnesota companies through innovation tax credits that reward innovation investment and talent expansion.
The Minnesota Credit for Increasing Research Activities is a state income and franchise tax credit administered by the Minnesota Department of Revenue under Minn. Stat. §290.068. The credit is calculated at 10% of qualified research expenses (QREs) up to a base amount of $2 million, and 4% on QREs exceeding that $2 million threshold. Minnesota's base amount uses a ratio of state gross receipts to …
Minnesota income tax credit for qualifying in-state research expenses, calculated at 10% up to a $2 million base and 4% above, with up to 25% of the credit refundable beginning in tax year 2025.
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Guides for this application
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