Скачать или смотреть Montana Research and Development Tax Credit - Swanson Reed | Specialist R&D Tax Advisors

Discover how Montana's Research and Development (R&D) Tax Credit can help businesses reduce tax liability while fostering innovation. This valuable state incentive encourages companies to invest in qualifying R&D activities by offering a credit equal to a percentage of the excess of current-year research expenses over a base amount. Modeled after the federal R&D credit, Montana’s version is particularly beneficial for startups, small businesses, and growing companies engaged in scientific or technological advancement. Eligible businesses may claim up to 5% of their incremental R&D expenditures conducted within the state. Qualified research includes developing or improving products, processes, formulas, software, or techniques.

The Montana R&D Tax Credit is non-refundable but may be carried forward for up to 15 years, providing long-term tax relief for innovation-driven companies. Partnerships, sole proprietors, corporations, and S-corporations conducting qualified research in Montana are all potential beneficiaries. To qualify, research activities must meet the IRS four-part test and be based in Montana, ensuring the state's economy directly benefits from local innovation and job creation.

Proper documentation is critical to claiming the credit, including detailed records of expenses, employee time tracking, and the technical uncertainties addressed during development. Combining the Montana credit with the federal R&D credit can significantly reduce a business's overall tax burden.

Learn more about eligibility criteria, qualified expenses, and how to maximize your benefit from Montana’s R&D Tax Credit to support your business’s growth through innovation.


Please visit https://www.swansonreed.com/montana/ or call us on +1 (406) 389-5770 to learn more.