Utah 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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Utah research activities credit
Tax credit
5% of the increase in qualifying expenses above the base, plus 5% of eligible basic-research payments above the base, plus 7.5% of current qualifying research expenses. [Utah TC-20 instructions, research credit]
Check program requirements [Utah TC-20 instructions, research credit]
Eligibility, claim steps and deadlines for Utah research activities credit
- Who qualifies
- Taxpayers with qualifying Utah research expenses or qualifying payments for basic research in Utah. [Utah TC-20 instructions, research credit]
- What it’s worth
- 5% of the increase in qualifying expenses above the base, plus 5% of eligible basic-research payments above the base, plus 7.5% of current qualifying research expenses. [Utah TC-20 instructions, research credit]
- How to claim
- Claim the research credit through the applicable income-tax return. TC-20 instructions say there is no separate credit form; retain supporting records. [Utah TC-20 instructions, research credit]
- Deadlines and application windows
- Annual return claim. The two 5% components may carry forward 14 years; the 7.5% component may not be carried forward. [Utah TC-20 instructions, research credit]
Sources reviewed
Full details and sources for Utah research activities credit