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Utah R&D Tax Credit

Utah R&D Tax Credit

Funds Utah companies with tax credits for qualifying innovation to support innovation growth.

Between cyclesUtah State Tax CommissionUnited StatesEligible in Utah
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About

The Utah R&D Tax Credit (Credit Code 12) is a state income tax credit administered by the Utah State Tax Commission under UCA §59-10-1012 (individuals and pass-through entities) and UCA §59-7-612 (corporations). The credit is designed to incentivize qualifying research activities conducted within Utah and conforms to the federal IRC §41 framework for defining qualified research expenses (QREs). Th…

What this grant funds

Nonrefundable Utah income tax credit at 5% incremental or 7.5% current-year rate on qualified research expenses incurred within the state, with a 14-year carryforward on incremental tiers.

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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Application process

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Last verified: 22 Jul 2026Source: incometax.utah.gov