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The state of Wisconsin offers a Research Credit, modeled after IRC § 41, that equals 5.75% of the excess qualified R&D expenditures (QREs) over the base amount (50% of the prior 3 years' QREs). Since the R&D credit is a comparative credit that uses the prior three years QREs to calculate the base, if a company does not have at least three previous years of expenditures, the credit then equals 2.875% of the excess QREs over the base amount.
Wisconsin also offers more lucrative R&D credits for activities related to internal combustion engines and certain energy efficient products. These credits equal 11.5% of the excess QREs over the base amount. The higher percentages apply to the following qualified industries:
Recent changes from Wisconsin's Department of Revenue increased the refundable portion of the credit from 10% to 15% for taxable years starting on or after January 1, 2021.
Learn more about Wisconsin's R&D Tax Credit from their Department of Revenue.
R&D Tax Credit Available:
C-Corporations, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Wisconsin Tax Return
Data Required to Compute Credit:
Claim Period Wisconsin Qualified R&D Expenses (QREs)
What Information is Needed?
Wisconsin QREs for Prior Three Years
To get an estimate of the potential value of your unclaimed R&D Tax Credits, try out our credit calculator.
Download our R&D Tax Credit Calculator for Android to see how much you can receive from your qualified R&D tax credit expenses.