California Research Credit

This credit is based on the federal research credit, with modifications. You may qualify for this credit if you engaged in qualified research activities in California.

Grant Deadline

Deadline not available

Funding Amount

$5,000,000

Type of Grant

Research and Development

Sectors

Demographics

Incorporation

For Profit

Perks

Region Restriction

This grant is restricted to whole of United States

Keywords

tax credit, research, qualifying corporation, federal income, qualified, Engaged, Modifications

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

Alternative incremental credit

You may elect this alternative method on a timely filed original return. If you want to revoke this method in a later year, you must receive our approval before filing an original return. You cannot change your method on an amended return.

Carryover

The carryover must be applied to the earliest tax year possible and the unused credit may be carried over until it is exhausted.

How to claim

• File your income tax return
• Attach Research Credit (FTB 3523)
• Visit Instructions for Form FTB 3523 for more information
• Credit assignments

Grant Application website

https://www.ftb.ca.gov/file/business/credits/california-research.html

Contact

For more information, please visit the website