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R&D Tax Credit

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State Level Impacts Following 2025 Federal Tax & Spending Bill

This memo highlights how recent federal legislation reshapes state tax conformity and R&D incentive structures. Learn what provisions may flow down into your state code and how businesses should prepare for the ripple effects.

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Fund Your Breakthrough: How Innovators Can Use the Payroll Tax Credit to Extend Runway (2025)

For startups and pre-revenue businesses, payroll tax credits can provide crucial funding relief. This guide explains how to apply credits against payroll taxes to stretch your runway without diluting equity.

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“De-Risking” R&D: How the Patent Safe Harbor Strengthens Section 41 Credit Claims (2025)

Patent filings can provide powerful substantiation for R&D credit claims under Section 41. This memo explains how the “safe harbor” works and why it’s a valuable protection for innovative companies.

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Analysis of the New Michigan R&D Tax Credit (2025)

Michigan has introduced a brand-new R&D tax credit with competitive benefits for innovation driven businesses. This analysis explains key provisions, eligibility factors, and how businesses can start planning now.

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Analysis of Texas’ New R&D Tax Credit Legislation (2025)

Texas has expanded its R&D credit program with new rules that may significantly boost claims for manufacturers, technology firms, and startups. See what’s changed, when it takes effect, and how to maximize benefits.

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Connecticut Legislative Update: HB 7287 Boosts R&D and Biotech Innovation (2025)

Connecticut’s new law strengthens incentives for R&D and biotech, creating new opportunities for early-stage firms. Our memo breaks down what the law includes and what it means for companies pursuing innovation.

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Summary of Utah’s R&D Tax Credit for Businesses (2025)

Utah’s R&D tax credit program offers state level support for qualifying innovation activities. This memo summarizes the rules, credit structure, and how companies can coordinate Utah’s program with the federal credit.

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Summary of Arizona’s R&D Tax Credit for Businesses (2025)

Arizona’s R&D credit offers both refundable and non-refundable options, making it one of the most flexible programs in the country. Learn how businesses can leverage the credit to offset costs and fuel growth.

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Update on Minnesota’s R&D Tax Credit Following H.F. 9 (2025)

Minnesota’s R&D credit structure remains intact, but H.F. 9 introduces partial refundability for the first time significantly enhancing its cash value. This memo explains how refundability phases in through 2027 and why it creates new planning opportunities for R&D-intensive companies with limited tax liability.