While the federal R&D credit provides substantial benefits, 30 states offer additional incentives. Strategically combining these can amplify savings:
New York: 9% refundable credit for small businesses (< 100 employees). Biotech, software developers, etc.
Texas: 5% franchise tax credit for in-state research. Energy, manufacturing, etc.
CA 15–24% corporate tax reduction for R&D-driven businesses. Tech startups, clean energy innovators, etc.
By aligning federal and state strategies, clients often achieve 40%+ cash flow improvements. For instance, a manufacturing client in Texas reduced its tax liability by $320,000 annually by stacking federal and state credits.
Learn more about state-specific opportunities
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