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MA
Massachusetts R&D Tax Credit – Manufacturing Innovation
Massachusetts R&D tax credit modeled on the federal credit; 10% credit on qualified R&D expenses (regular credit) and 15% credit on basic research payments to qualified research organizations; particularly relevant for Massachusetts precision manufacturers, biotech manufacturers, and advanced materials companies; claimed on the annual Massachusetts corporate tax return.
About this program
Visit the program website for full details.
Eligibility
Massachusetts businesses including manufacturers with qualified research and development expenses under federal IRC §41; manufacturing companies investing in process improvement, product development, or advanced manufacturing technologies.
Requirements
- Massachusetts-based manufacturer with qualified R&D expenses under federal IRC §41
- Claim on Massachusetts annual corporate or personal income tax return
- Consult a Massachusetts CPA or tax advisor for specific R&D expense qualification