Overview of Multi-State Research Tax Incentives

Multi-State Research Tax Incentives (e.g., whether in the form of a credit, deduction or grant) are a highly advantageous way to supplement the federal-level research and development tax credit pursuant to I.R.C. § 41 in tax effecting companies true cost of their research and development spend while lowering a companies blended multi-state effective tax rate for both tax accrual and tax return purposes at the multi-state levels.