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IN
Research and Development Incentives
Provides Indiana income tax credits and sales tax exemptions for qualified research expenses and R&D equipment.
About this program
Indiana offers research and development incentives that encourage companies to conduct qualified research in the state. Eligible taxpayers may receive a credit against Indiana state income tax liability based on qualified research expenses and may also claim a sales tax refund or exemption for qualified research and development equipment.
Eligibility
Eligible taxpayers are businesses conducting qualified research in Indiana or purchasing qualified research and development equipment for experimental or laboratory research activities.
Requirements
- Taxpayer must incur qualified research expenses in Indiana or purchase qualified research and development equipment.
- Qualified research activities must meet Indiana Department of Revenue requirements.
- R&D equipment must be used for experimental or laboratory research and development for new products, new uses, or improved products.