CALIFORNIA STATE RESEARCH AND DEVELOPMENT TAX CREDIT

 • Companies may receive a 15% credit against their bank and corporation tax liability for qualified in-house research expenses, and a 24% credit for basic research payments to outside organizations.

• Qualified research expenses generally include: wages, supplies, and contract research costs.

• Research must be conducted within California and include basic or applied research of scientific inquiry, original investigation, or improved function of a business component.

• For more information, visit: www.ftb.ca.gov/file/business/credits/california-research