NEAR FINAL DRAFT 8/1/24

                                                                                                                                                                                                  *247011*

2024 Schedule RD, Credit for Increasing Research Activities
Unitary businesses: Complete a separate Schedule RD for each corporation that is claiming the credit.

Name of Corporation                                                                          FEIN                                                                                                                                                   Minnesota Tax ID
                                                                                                                    Round amounts to nearest whole dollar.
 1  Wages for qualified services (do not include wages used in  
   figuring the work opportunity credit)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . 1   

 2  Cost of supplies    . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . .  . 2   

 3  Amounts paid or incurred for the right to use computers to conduct research               . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . 3   

 4  Applicable percentage of contract expenses                           . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . 4   

 5  Amount paid to qualified research organizations for basic research  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . .  . 5   

 6  Development contributions to a nonprofit organization   . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . 6   

 7  Total qualified research expenses in Minnesota for the tax year (add lines 1 through 6)   .  . . . . . .  . . . . . .  . . . . .  . 7   

                                                                         A- Minnesota Sales  B- Minnesota Qualified 
                                                                         and Receipts        Research Expenses

 8  Tax year 1988 . . .  . . . . . .  . . . . .  . . . . . .  .       8  

 9  Tax year 1987 . . .  . . . . . .  . . . . .  . . . . . .  .       9  

 10  Tax year 1986   . . .  . . . . . . .  . . . . .  . . . . .     10  

 11  Tax year 1985   . . .  . . . . . . .  . . . . .  . . . . .     11  

 12  Tax year 1984   . . .  . . . . . . .  . . . . .  . . . . .     12  

 13  Add lines 8 through 12  . . .  . . . . . .  . . . .     13  

 14  Fixed base percentage (divide line 13B by line 13A; do not fill in more than 16% [.16]). 
    Start-up companies, see instructions   . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . .  . 14  

 15 Tax year 2023 . . .  . . . . . .  . . . . .  . . . . . .  . .  . 15 

 16 Tax year 2022 . . .  . . . . . .  . . . . .  . . . . . .  .     16  

 17  Tax year 2021 . . .  . . . . . .  . . . . .  . . . . . .  .     17  

 18  Tax year 2020 . . .  . . . . . .  . . . . .  . . . . . .  .     18  

 19  Add lines 15 through 18  . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  .  . 19                                                                            

 20  Average annual gross receipts (multiply line 19 by 25% [.25])  . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  .                                   20                                                                        

 21  Multiply line 20 by the percentage on line 14  . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . .  . 21  

 22  Multiply line 7 by 50% (.50)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 22  
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                                                         NEAR FINAL DRAFT 8/1/24
2024 Schedule RD, page 2
                                                                                                                                                                                            *247021*

Name of Corporation                                                                                                     FEIN                                                                                                                           Minnesota Tax ID
                                                                                                                                                           Round amounts to nearest whole dollar.

 23  Base amount (enter amount from line 21 or line 22, whichever is greater)                             . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  .             23  

 24 Subtract line 23 from line 7 (if result is zero or less, leave blank)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  .                          24  

 25  Enter the amount from line 24 or $2,000,000, whichever is less  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  .                                25  

 26  Subtract line 25 from line 24  . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . .  . 26  

 27  Multiply line 25 by 10% (.10)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . .  . 27  

 28  Multiply line 26 by 4% (.04)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 28  

 29 Current credit   (add lines 27 and 28)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . .29  . . . .  .                                                                                         

 30  Your share of any credit from a partnership (see instructions)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  . 30                                                                                      

 31  Tentative credit (add lines 29 and 30; see instructions)            . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . .  . 31                                                                     

 32  Limitation (see instructions) . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . .  . 32                                                           

 33 Credit for increasing research activities (enter line 31 or line 32, whichever is less)  .  . . . . . .  . . . . . .  . . . . .  . . . . .  . 33                                                                                                 

 34 Total credit allocated to other members of the combined return (see instructions)   . .  . . . . .  . . . . .  . . . . . .  . . .  . 34                                                                                                          

 35 Add lines 33 and 34   . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 35                                                       

 36 Subtract line 35 from line 31  . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . 36                                                              

 37 Current year credit from other members of the combined return (see instructions)  . . .  . . . . . .  . . . . .  . . . . . . .  . 37                                                                                                             

 38 Add lines 33 and 37   . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 38                                                       

 39 Your credit carryover from 2023 (see instructions)  . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . 39                                                                                

 40 Add lines 38 and 39   . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 40                                                       

 41 Total carryover credit received from other members of the combined return (see instructions)  . . . . . .  . . . . .  . 41                                                                                                                       

 42  Total carryover credit allocated to other members of the combined return (see instructions)  . . .  . . . . . .  . . . .  . 42                                                                                                                  

 43 This line intentionally left blank  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .  . 43                                                             

 44  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .  . 44                                                             

 45  2024 Credit (enter line 32 or the sum of lines 40 and 41, whichever is less) Enter on Form M4T line 14 . . .  . .  . 45                                                                                                                         

 46  Credit carryover to 2025 (see instructions)   . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . 46                                                                        

Attach this schedule and a copy of federal Form 6765 to your Minnesota return.

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                                                        NEAR FINAL DRAFT 8/1/24
2024 Schedule RD, page 3
                                                                                                                                                                                       *247051*

Name of Corporation                                                                                                             FEIN                                                         Minnesota Tax ID

Additional Information. Please check the appropriate box.
1.  Did a CPA, attorney, consultant or other:                                                                                                                                                                                                                     Yes No
   a.  Assist in the calculation or preparation of the tax credit?  . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . .    1a                                                                                 

   b.  Conduct a R&D tax credit study?  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . .    1b                                                              
   If “Yes” is checked on lines 1a or 1b, provide the following information for each individual who assisted in the calculation or preparation  
   of the tax credit or conducted a tax credit study. (If more than one individual, attach a schedule for each with the following information):
   Individual’s Name                                                                                                Individual’s Title

   Individual’s Company                                                                                             Individual’s Phone Number

   c.  If “Yes” is checked on lines 1a or 1b, may the Minnesota Department of Revenue discuss the tax credit with the  
       individual(s) who assisted in the calculation or preparation of the tax credit or conducted a tax credit study?   . . . .  . .    1c                                                                                                                            
                                                                                                                   Review of                              Combination of review of  
                                                                                                                   contemporaneous     Estimation              contemporaneous  
                                                                                                                   records                                   records and estimation
2.  How were the following calculated: check appropriate box.
   a.  Wages . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . .  .      2a      

   b.  Supplies   . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . .  .      2b                                                            

   c.  Contracted Research  . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . .      2c                                          
3.  Were the following performed/conducted within the state of Minnesota:
   a.  Wages . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . .  .     3a                                       

   b.  Contracted Research  . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . 3b  . . .  .                                                       
   If “No” is checked on lines 3a or 3b, the taxpayer cannot claim those expenses in calculating the tax credit.
4.  Was the claimed research performed at the request of another individual or entity?   . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  .  .     4                                                                                                 

5.  Was the claimed research performed as part of a joint venture with another individual or entity?   . .  . . . . . .  . . . . . .  . . . . .  .    5                                                                                                            
6. Did you receive an Innovation Grant from the Minnesota Department of Employment  
   and Economic Development (DEED)?  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .     6      
   If “Yes” is checked, see instructions for lines 1-6 Qualified Expenses.

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