10% Refundable Portion of Research Credit

  1. When does the 10% refundable portion of the credit begin?

  2. Who may claim the 10% refundable portion of the credit?

  3. Who may not claim the 10% refundable portion of the credit?

  4. Which research credits are eligible for the 10% refundable portion of the credit?

  5. How is the 10% refundable portion of the credit computed?

  6. What schedule is used to compute the 10% refundable portion of the credit?

  7. Is it possible to compute less than a 10% refundable portion of the credit?

  8. What happens to the portion of the research credit that is not refundable?

  9. Can I use prior year research credit carryforwards to compute the 10% refundable portion of the credit?

  10. Can the current years unused research credit become refundable in future periods?

  11. Can the refundable portion of the credit be shared with other members of the same combined group?

  12. If a member of a combined group elects to share their research credit, are they required to use the research credit to offset their own tax before sharing?

  13. Can I use a prior year research credit carryforward to offset current year's tax in order to claim the maximum 10% refundable portion of the research credit?


FOR MORE INFORMATION PLEASE CONTACT:

MS 5-77
WISCONSIN DEPARTMENT OF REVENUE
Customer Service Bureau
PO Box 8949
Madison, WI 53708-8949
Phone: (608) 266-2772
Fax: (608) 267-1030
Email additional questions to DORIncome@wisconsin.gov

October 5, 2018