Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
Expense Year 2028 and Forward
Expense Year 2028 and Forward
Starting with MQREs incurred in calendar year 2028, all eligible fiscal year CIT filers claiming the Research and Development (R&D) Tax Credit must determine their MQREs and base amounts based on the calendar year.