Nebraska R&D Tax Credit Summary

Nebraska R&D tax credit, R&D Tax Credit

Nebraska State R&D Tax Credit

Refundable Tax Credit- Yes

  • In Nebraska, business firms that are involved in research and experimental activities are allowed a credit of 15% of the federal credit allowed under IRC §41
  • The tax credit may be used to obtain a refund of sales and use taxes paid, or as a refundable corporate or personal income tax credit
  • The credit is increased to 35% of the federal credit allowed under  for business firms making expenditures in research and experimental activities on a college or university campus or at a facility owned by a college or university located in Nebraska

Carryforward

The credit is allowed for the first tax year it is claimed and for the 20 tax years immediately following.

How to obtain the credit? 

The income tax credit is claimed on Form 3800N. A claim for the credit may be filed quarterly for refund of the state sales and use taxes paid, either directly or indirectly, after the filing of the income tax return for the tax year in which the credit was first allowed.

Find out if you qualify for the R&D tax credit

 

SELL YOUR NOL’s AND R&D CREDITS

If your company hasn’t considered the R&D credit in the past because you have net operating losses (NOLs) and could not utilize the credit contact us today to find out which states allow you to sell your credits and losses for up to 95 cents on the dollar. Also, qualified start-up companies can now take a credit on their payroll taxes for their R&D credit, allowing your company to utilize the R&D credit immediately, even if your company does not have taxable income.
FIND OUT MORE TODAY

 

States Offering R&D Credit:

                             States Without R&D Credit

Alabama
District of Columbia
Missouri
Montana
Nevada
Oklahoma
South Dakota
Tennessee
Washington
West Virginia
Wyoming