R&D Tax Credit Available
Yes
State
Minnesota
Name
Credit for Increasing Research
Does it apply to C-CORPS & Pass Throughs?
Yes, but not to Sole Proprietorships
Description
Nonrefundable credit with similar definitions as federal for Qualified Research Expenses and Qualified Research Activities except only include Minnesota-based expenses.
Percentage
10% on first $2 million of incremental expenses; 4% on incremental expenses in excess of $2 million.

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