Texas R&D Franchise Tax Credit
Invests Texas innovation work Franchise Tax Credit to support state franchise-tax credit.
About
The Texas R&D Franchise Tax Credit was substantially reformed by SB 2206 (89th Legislature, signed June 22, 2025, effective for franchise tax reports due on or after January 1, 2026). The credit applies to taxable entities subject to the Texas franchise tax that conduct qualifying research within Texas. The standard credit rate is 8.722% of the amount by which current-year qualifying R&D expenses …
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