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Franchise Tax Credits
There are several ways for entities to earn franchise tax credits. Learn more about these options by selecting the links below. Note the expiration dates for each credit type.
| Credit type | Must establish credit by | Carryforward |
|---|---|---|
| Qualified research and development activities | Dec. 31, 2026 | 20-year credit carryforward |
| Historic structure rehabilitation | No expiration date on establishing a credit | 5-year credit carryforward |
| Clean energy projects (Earliest possible date available is Sept. 1, 2018) |
No expiration date on establishing a credit; Only 3 projects allowed | 20-year credit carryforward |
| Economic development
1. Investments 2. Job creation 3. Research and development |
Can no longer establish a credit | 1. Expired Dec. 31, 2016 2. Expired Dec. 31, 2016 3. Credit carryforward expires Dec. 31, 2027 |
| Temporary credit for Business Loss Carryfoward | Can no longer establish a credit | Unused credits cannot be carried forward to reports originally due on or after Sept. 1, 2027 |