Qualified Expenses
- Expenses paid or incurred to energy consortia
- Basic research to qualified organizations
- Wages for qualified services including direct, support, and supervisory level employees
- Supply expenses consumed in the research activities
- Rental or lease costs of computers
- Contracted or outside expenses utilized in the research
Credit Amount
- Regular credit: 20% of the Qualified Expenses above a sales oriented “base period
OR
- Simplified credit: 14% of Qualified Expenses above an expense oriented “base amount”