Do you qualify for Pennsylvania’s R&D tax credit? If so, you can now apply online. The PA Department of Revenue is launching a new online application system for the Research and Development Tax Credit that can be accessed through its website.
All R&D credit applications must be submitted online by 9/15/18 to be eligible for the program. There are no limits to the number of applications that may be filed, so a taxpayer may file a request for one or multiple businesses.
In addition to Research and Development, Pennsylvania provides tax credits in the following areas:
- Mixed-Use Development
- Malt Beverages
- Mobile Telecommunications Broadband Investment
- Keystone Innovation Zone
- Keystone Special Development Zone
- Historic Preservation
- New Jobs
- Neighborhood Assistance
- Resource Enhancement and Protection
- Enterprise Zone
- Entertainment Production
- Pennsylvania Resource Manufacturing
- Coal Refuse Energy and Reclamation
You can find more information on Pennsylvania Tax Credits here: https://bit.ly/2LvbojD
Contact H2R CPA at 412-391-2920 or email@example.com if you have a tax credit question or if you would like more information on state, local and Federal tax planning and strategy for closely held businesses. Our team would be pleased to provide a complimentary consultation.