Utah research activities credit
Tax credit
Agency: Utah State Tax Commission. Agency source
This directory is not tax advice. Confirm eligibility, tax-year rules, deadlines and filing requirements with a tax professional.
Check program requirements [Utah TC-20 instructions, research 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]
Amounts are subject to the conditions in each listing. A source review does not mean applications are open or that a business qualifies.
Official sources
Listing reviewed