Back to Grants
MN
Minnesota Research and Development Tax Credit
Provides Minnesota tax credits for qualifying research and development expenses.
About this program
Minnesota's Research and Development Tax Credit helps businesses offset costs for qualified research activities conducted in the state. The credit is administered through the Minnesota Department of Revenue and generally applies to qualified research expenses that meet state and federal R&D credit requirements.
Eligibility
Eligible applicants are businesses with qualified Minnesota research and development expenses that meet Minnesota Department of Revenue requirements.
Requirements
- Taxpayer must incur qualified research expenses in Minnesota.
- Research activities must meet applicable federal and state definitions of qualified research.
- Taxpayer must calculate the credit according to Minnesota Department of Revenue requirements.