| Table 4-11 |
| Summary of state-level R&D tax credits: 2006 |
| |
| |
| State |
|
Year enacted |
|
Top-tier statutory
credit rate (%) |
|
Base definition for credit |
| |
| Arizona |
|
1994 |
|
11.0 |
|
Federal (fixed-period) |
| California |
|
1987 |
|
15.0 |
|
Federal (fixed-period) |
| Connecticut |
|
1993 |
|
6.0 |
|
Nonincremental |
| Delaware |
|
2000 |
|
10.0 |
|
Average of previous 4 years |
| Georgia |
|
1998 |
|
10.0 |
|
Federal (fixed-period) |
| Hawaii |
|
2000 |
|
20.0 |
|
Nonincremental |
| Idaho |
|
2001 |
|
5.0 |
|
Federal (fixed-period) |
| Illinois |
|
1990 |
|
6.5 |
|
Average of previous 3 years |
| Indiana |
|
1985 |
|
10.0 |
|
Federal (fixed-period) |
| Iowa |
|
1985 |
|
6.5 |
|
Federal (fixed-period) |
| Kansas |
|
1988 |
|
6.5 |
|
Average of previous 2 years |
| Louisiana |
|
2003 |
|
8.0 |
|
Federal (fixed-period) |
| Maine |
|
1996 |
|
5.0 |
|
Average of previous 3 years |
| Maryland |
|
2000 |
|
10.0 |
|
Average of previous 4 years |
| Massachusetts |
|
1991 |
|
10.0 |
|
Federal (fixed-period) |
| Minnesota |
|
1982 |
|
2.5 |
|
Federal (fixed-period) |
| Missouri |
|
1994 |
|
6.5 |
|
Average of previous 3 years |
| Montana |
|
1999 |
|
5.0 |
|
Federal (fixed-period) |
| Nebraska |
|
2005 |
|
3.0 |
|
Average of previous 2 years |
| New Jersey |
|
1994 |
|
10.0 |
|
Federal (fixed-period) |
| North Carolina |
|
1996 |
|
5.0 |
|
Federal (fixed-period) |
| North Dakota |
|
1988 |
|
4.0 |
|
Federal (fixed-period) |
| Ohio |
|
2004 |
|
7.0 |
|
Average of previous 3 years |
| Oregon |
|
1989 |
|
5.0 |
|
Federal (fixed-period) |
| Pennsylvania |
|
1997 |
|
10.0 |
|
Average of previous 4 years |
| Rhode Island |
|
1994 |
|
16.9 |
|
Federal (fixed-period) |
| South Carolina |
|
2001 |
|
5.0 |
|
Federal (fixed-period) |
| Texas |
|
2001 |
|
5.0 |
|
Federal (fixed-period) |
| Utah |
|
1999 |
|
6.0 |
|
Federal (fixed-period) |
| Vermont |
|
2003 |
|
10.0 |
|
Average of previous 4 years |
| West Virginia |
|
1986 |
|
3.0 |
|
Nonincremental |
| Wisconsin |
|
1986 |
|
5.0 |
|
Federal (fixed-period) |
| Median |
|
na |
|
6.5 |
|
na |
| |
na = not applicable
NOTES: Top-tier credit rate applies to highest tier of expenditure levels for states having multiple credit rates.
SOURCE: Dr. Daniel Wilson, Federal Reserve Bank of San Francisco, special tabulations (February 2007). Science and Engineering Indicators 2008 |
|
Source Data