Schedule RD Credit for Increasing Research Activities - Minnesota

What Is Schedule RD?

This is a legal form that was released by the Minnesota Department of Revenue - a government authority operating within Minnesota. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Schedule RD Credit for Increasing Research Activities?
A: The Schedule RD Credit for Increasing Research Activities is a tax credit offered by the state of Minnesota to encourage and reward businesses that engage in research and development activities.

Q: Who is eligible for the Schedule RD Credit for Increasing Research Activities?
A: Businesses that conduct qualified research activities in Minnesota may be eligible for the Schedule RD Credit for Increasing Research Activities.

Q: What expenses qualify for the Schedule RD Credit for Increasing Research Activities?
A: Qualified research expenses such as wages, supplies, and contract research expenses can qualify for the Schedule RD Credit for Increasing Research Activities.

Q: How much is the Schedule RD Credit for Increasing Research Activities?
A: The credit is equal to a percentage of eligible expenses incurred during the tax year, with the percentage varying based on the size of the business.

Q: How do I claim the Schedule RD Credit for Increasing Research Activities?
A: To claim the credit, businesses must complete and include Schedule RD along with their Minnesota tax return.