Did you know MN still requires research expenses to be amortized over 5 years? Even with federal changes, state conformity is lagging. Keep those records tight! Check SDK CPA for the latest updates.
Minnesota Tax Filings and Section 174: What You Need to Know MN 174 - Google Drive
Minnesota currently continues to require businesses to capitalize and amortize domestic research expenditures over five years under . While new federal laws like the 2025 tax bill have introduced Section 174A to restore immediate expensing, Minnesota has not yet conformed to this change. Did you know MN still requires research expenses
: The bill includes provisions for parents to review curriculum materials before they are taught. MN 174 - Google Drive
: Failing to document R&D activities properly could lead to missed credits or compliance issues.