State program
Utah Research Activities Credit
A three-part credit covering incremental research, basic research payments and a share of total in-state research spending.
Program overview
Utah combines an incremental credit on the increase in Utah qualified research expenses with a credit on basic research payments to Utah institutions and a smaller credit computed on total Utah qualified research expenses regardless of growth. The third component is particularly useful for companies with flat but substantial research programs that would generate nothing under a purely incremental design. The incremental components carry forward for fourteen years.
Eligibility
Taxpayers with qualified research expenses for research conducted in Utah, or making basic research payments to Utah universities and research institutions.
Benefits
Non-refundable credit against Utah income and franchise tax.
Find out what your research actually qualifies for
A scoping conversation takes thirty minutes and costs nothing. You leave with a view on eligibility, likely credit range and the documentation you would need.