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State Credits

While the Research & Experimentation Tax Credit has been available at the federal level since the early 80’s, a growing number of states are utilizing similar types of R&D incentives to retain engineering and science-centered enterprise as well as attract new high-tech companies.

Additionally, more and more states are implementing permanent versions of the R&D credit to show their commitment to creating a business environment conducive to high-tech industry; thereby encouraging long-term investment in high-wage jobs and infrastructure.