Florida
R&D Tax Credits

The California Research & Development (R&D) Tax Credit allows businesses to offset state income or franchise tax for qualified research conducted in California.

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of qualified expenses that exceed a base period amount

of tax liability after all other tax credits are applied

for each taxable year for which a predecessor business didn’t exist

5 years

carry forward for credit usage

Key Highlights

15% credit on incremental qualified research expenses (QREs)
24% credit for qualified basic research payments
33% of credit can be applied to the 1.5% S-Corp entity tax (3.5% for financial S-Corps)
Credits are nonrefundable but carry forward indefinitely
Refund election available under 2025 provisions (Form FTB 3870)
Applies only to research performed within California
Available to C corps, S corps, partnerships, and LLCs
Cannot reduce the $800 minimum franchise tax, California AMT, or built-in gains tax

Who Qualifies

Credits are available to businesses performing qualified research activities in California. Eligibility depends on entity type and the nature of your activities and expenses.

Florida
R&D Tax Credits

Connect with us to find out how R&D tax credits can boost your organization’s bottom line.

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This post was last updated on Jul 30, 2025.

Florida R&D Tax Credit

Discover the benefits of Florida state credits and see how your business could qualify.

of qualified expenses that exceed a base period amount

of tax liability after all other tax credits are applied

for each taxable year for which a predecessor business didn’t exist

5 years

carry forward for credit usage

Estimate the value of your FL R&D tax credits!

Florida R&D Tax Credit Eligibility Summary:

Is the R&D Tax Credit Available?:

Yes

Eligible Entities:

C-Corporations only

Deadline for Tax Filing:

Online Application open between March 20 - March 26

Data Required to Compute Credit:

Claim Period Qualified R&D Expenses (QREs)

What Information is needed?:

Florida QREs for Prior 4 Years

Florida R&D Tax Credit Guidelines:

Florida Research Credit is only available to Corporations that meet the definition of qualified target industry business, as defined in s. 288.106(2)(n).
The Florida credit is limited to 50% of a taxpayer's tax liability.The credit amount is capped at $9 million.
If the state credit cap is reached, the credits are allocated on a prorated basis. For example, for 2019 (the 2020 application window), 127 applications were approved with the applicant receiving an allocation of the available $9 million in credit. Each applicant received approximately 8.8% of the amount of credit determined in their application. These 127 applications requested $101,741,648 in credit.

Florida R&D Tax Credit Case Study

A Florida-based company recovered thousands in R&D tax credits to refuel growth.

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Total state R&D tax credits earned

%

Amount of wages qualified for tax credits

$

Total R&D tax credit earned

Key Florida R&D Tax Credits R&D Tax Rules Changes

2019' - 22

22' and after

2019' - 22

22' and after

Resources

There are many other considerations and exemptions, including what documentation the IRS requires for the R&D tax credits. Stay updated to navigate the new tax laws with confidence.