Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Oregon income tax credit for business expenses on qualifying research and development activities. Credit equals 5% of QREs up to the Oregon base amount, plus 10% above the base amount, complementing the federal R&D credit. Small businesses may elect a simplified calculation.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Oregon-based R&D activities meeting IRS Section 41 definitions
2.Credit: 5% of QREs up to base + 10% above base
3.Nonrefundable; 5-year carryforward
4.Small businesses may elect Alternative Simplified Credit (ASC) method
5.Claim on Oregon Form OR-41
DEED · Minnesota
Credit equal to 25% of investment in certified Minnesota startup companies, available to both individual and corporate investors. Certified businesses must be in technology, new proprietary products/processes, or meet other qualifying criteria. Annual statewide credit cap of $17 million.
ADOR · Arizona
State income tax credit for businesses conducting qualifying R&D activities in Arizona. Credit equals 24% of the first $2.5 million in qualifying expenses and 15% above that threshold, mirroring the federal R&D credit structure.
DCEO · Illinois
Income tax credit of 25% for individual investors in certified Illinois innovative small businesses. The credit encourages investment in high-tech startups in life sciences, manufacturing, technology, and clean energy, with a $2 million maximum credit per taxpayer.