Minnesota R&D credit rules for TY2026
Each row is a field from the registry entry our engine applies. A blank field says so; it is never filled in.
- Credit for TY2026
- Current credit Yes. Our rules registry carries a current Minnesota research credit for tax year 2026.
- Structure
- Incremental: the credit applies to qualified research expenses above a state base amount
- Credit rate
- 10% on the first $2,000,000 of the credit base, then 4% above it A two-tier slab, applied by the engine in that order.
- Base method
- The state adopts the federal §41 base computation, applied to Minnesota qualified research expenses.
- Carryforward
- 15 years
- Carryback
- None recorded
- Refundable?
- Refundable, subject to limits the registry does not record - we confirm them in the study The registry records the credit as refundable without recording the statutory limits on the refund, so the study establishes them rather than the page assuming there are none.
- State form
- Schedule RD
- Statute
- Minn. Stat. §290.068
How the Minnesota credit is computed
The Minnesota credit is incremental: it applies to the qualified research expenses that exceed a state base amount, not to the whole year's spending. The registry carries a two-tier rate: 10% on the first $2,000,000 of the credit base and 4% on the amount above it.
The state adopts the federal §41 base computation, applied to Minnesota qualified research expenses.
Unused credit carries forward 15 years. Refundability: refundable, subject to limits the registry does not record - we confirm them in the study.
Ricerca computes the Minnesota figure from the same substantiated expenses as the federal §41 credit, under the registry entry for the year claimed. Where the registry is silent, the study says so and the point is resolved with your return preparer, not assumed.
Claiming it alongside the federal credit
The federal §41 credit comes first: it is computed from the qualified research expenses the study substantiates and filed on Form 6765 with the return. The Minnesota credit is then computed from that same base under the state's own rules.
State credits generally reach only research performed in the state, so the study records where each expense was incurred as it is built, not at filing time.
One base, two computations
- 1 Qualify the activities under the four-part test and total the year's QREs.
- 2 Compute the federal §41 credit and file it on Form 6765.
- 3 Apply the Minnesota entry above to the Minnesota share of that base, and file it on Schedule RD.
Registry sources
The citations the Minnesota registry entry carries, verbatim: what the study cites and a reviewer can check.
- Statute
- Minn. Stat. §290.068
- Form
- Schedule RD
Registry entry version 2024.1, exported from services/study-api/app/engines/rules_engine.py (STATE_RULES_2024 + STATE_RULES_REGIME_OVERRIDES via RulesEngine.get_state_rules) on September 10, 2026. The entry above governs TY2026; a study for an earlier year uses that year's entry.
See what a Minnesota study could capture
Tell us what your team builds and we will come back with what a Ricerca study could capture: the federal §41 credit, the Minnesota credit above it, and the §174A deduction. Free, and no obligation.