Utah Credit for Increasing Research Activities (R&D Tax Credit)
Offers Utah incentives supporting in-state innovation spending for new technology development.
Utah State Tax CommissionUnited States
The Utah R&D Tax Credit (Credit 12) provides a nonrefundable, nonapportionable income-tax credit to businesses and individuals conducting qualified research activities in Utah. Three rate tiers: 5% of QREs above base amount (14-year carryforward), 5% of basic-research payments above base (14-year carryforward), and 7.5% of current-year QREs (no carryforward). Startups use a fixed 3% base rate for the first five years.