State Credit Name: Research and Development Tax Credit

Expiration Date: Indefinite

Who Can Apply? In general, taxpayers are eligible for the R&D Tax Credit if they have QREs as defined by IRC §41 in Georgia during the tax period.

Credit Carry Forward: Credits can be carried forward for up to 10 years.

About the Credit: The credit is calculated as 10% of QREs in excess of the base period. The base amount is calculated as current year gross receipts multiplied by either a) the average of the ratios of its aggregate QREs to GA gross receipts for the preceding 3 taxable years, or b) 30%, whichever is less.

Click here to find out if you qualify for the federal research tax credit.