Indiana tax credits and incentives
Review the program rules and claim timing below, then confirm the requirements with the administering agency.
This directory is not tax advice. Confirm eligibility, tax-year rules, deadlines and filing requirements with a tax professional.
Amounts are subject to the conditions in each listing. A source review does not mean applications are open or that a business qualifies.
1 program
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Indiana research expense credit
Tax credit
15% of qualifying expenses above the base on the first $1 million of excess; 10% on excess above $1 million. Alternative methods may apply. [Indiana Revenue research expense credit][Indiana research expense credit handbook]
Check program requirements [Indiana Revenue research expense credit][Indiana research expense credit handbook]
Eligibility, claim steps and deadlines for Indiana research expense credit
- Who qualifies
- Corporations and eligible pass-through entities with qualifying research performed in Indiana. [Indiana Revenue research expense credit][Indiana research expense credit handbook]
- What it’s worth
- 15% of qualifying expenses above the base on the first $1 million of excess; 10% on excess above $1 million. Alternative methods may apply. [Indiana Revenue research expense credit][Indiana research expense credit handbook]
- How to claim
- Use Schedule IT-20REC to calculate the credit and retain records substantiating the research and expenses. [Indiana Revenue research expense credit][Indiana research expense credit handbook]
- Deadlines and application windows
- Claim for the relevant tax year; the program overview does not publish a separate application window. [Indiana Revenue research expense credit][Indiana research expense credit handbook]
Sources reviewed
Full details and sources for Indiana research expense credit