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    3                                                                            NEAR FINAL DRAFT 8/1/24                                                                                                                                                                                 3
    4                                                                                                                                                                                                                                                                                    4
    5                                                                                                                                                                                                                                                                                    5
    6                                                                                                                                                                                                     *247011*6
    7                                                                                                                                                                                                                                                                                    7
       2024 Schedule RD, Credit for Increasing Research Activities
    8                                                                                                                                                                                                                                                                                    8
    9  Unitary businesses: Complete a separate Schedule RD for each corporation that is claiming the credit.                                                                                                                                                                             9
    10                                                                                                                                                                                                                                                                                   10
    11 NAME OF CORPORATION                                                                                    123456789                                                                                                                                    123456789                     11
    12 Name of Corporation                                                                                    FEIN                                                                                                                                         Minnesota Tax ID              12
    13                                                                                                                               Round amounts to nearest whole dollar.                                                                                                              13
    14   1  Wages for qualified services (do not include wages used in                                                                                                                                                                                                                   14
    15     figuring the work opportunity credit)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . 1                                                                       123456789                 15
    16                                                                                                                                                                                                                                                                                   16
    17   2  Cost of supplies    . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . .  . 2                                                    123456789                 17
    18                                                                                                                                                                                                                                                                                   18
    19   3  Amounts paid or incurred for the right to use computers to conduct research                        . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . 3                                                                                    123456789                 19
    20                                                                                                                                                                                                                                                                                   20
    21   4  Applicable percentage of contract expenses                           . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . 4                                                     123456789                 21
    22                                                                                                                                                                                                                                                                                   22
    23   5  Amount paid to qualified research organizations for basic research  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . .  . 5                                                                                               123456789                 23
    24                                                                                                                                                                                                                                                                                   24
    25   6  Development contributions to a nonprofit organization   . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . 6                                                                                        123456789                 25
    26                                                                                                                                                                                                                                                                                   26
    27   7  Total qualified research expenses in Minnesota for the tax year (add lines 1 through 6)   .  . . . . . .  . . . . . .  . . . . .  . 7                                                                                                              123456789                 27
    28                                                                                                                                                                                                                                                                                   28
    29                                                                                                                                                                                                                                                                                   29
    30                                                                           A- Minnesota Sales           B- Minnesota Qualified                                                                                                                                                     30
                                                                                 and Receipts                 Research Expenses
    31                                                                                                                                                                                                                                                                                   31
    32   8  Tax year 1988 . . .  . . . . . .  . . . . .  . . . . . .  .       8  123456789                    123456789                                                                                                                                                                  32
    33                                                                                                                                                                                                                                                                                   33
    34   9  Tax year 1987 . . .  . . . . . .  . . . . .  . . . . . .  .       9  123456789                    123456789                                                                                                                                                                  34
    35                                                                                                                                                                                                                                                                                   35
    36  10  Tax year 1986   . . .  . . . . . . .  . . . . .  . . . . .     10    123456789                    123456789                                                                                                                                                                  36
    37                                                                                                                                                                                                                                                                                   37
    38  11  Tax year 1985   . . .  . . . . . . .  . . . . .  . . . . .     11    123456789                    123456789                                                                                                                                                                  38
    39                                                                                                                                                                                                                                                                                   39
    40  12  Tax year 1984   . . .  . . . . . . .  . . . . .  . . . . .     12    123456789                    123456789                                                                                                                                                                  40
    41                                                                                                                                                                                                                                                                                   41
    42  13  Add lines 8 through 12  . . .  . . . . . .  . . . .     13           123456789                    123456789                                                                                                                                                                  42
    43                                                                                                                                                                                                                                                                                   43
    44  14  Fixed base percentage (divide line 13B by line 13A; do not fill in more than 16% [.16]).                                                                                                                                                                                     44
    45      Start-up companies, see instructions   . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . .  . 14                                                                  123456789                 45
    46                                                                                                                                                                                                                                                                                   46
    47  15  Tax year 2023 . . .  . . . . . .  . . . . .  . . . . . .  . .  . 15  123456789                                                                                                                                                                                               47
    48                                                                                                                                                                                                                                                                                   48
    49  16  Tax year 2022 . . .  . . . . . .  . . . . .  . . . . . .  .     16   123456789                                                                                                                                                                                               49
    50                                                                                                                                                                                                                                                                                   50
    51  17  Tax year 2021 . . .  . . . . . .  . . . . .  . . . . . .  .     17   123456789                                                                                                                                                                                               51
    52                                                                                                                                                                                                                                                                                   52
    53  18  Tax year 2020 . . .  . . . . . .  . . . . .  . . . . . .  .     18   123456789                                                                                                                                                                                               53
    54                                                                                                                                                                                                                                                                                   54
    55  19  Add lines 15 through 18  . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  .  . 19                                                        123456789                 55
    56                                                                                                                                                                                                                                                                                   56
    57  20  Average annual gross receipts (multiply line 19 by 25% [.25])  . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  .                                    20                                                   123456789                 57
    58                                                                                                                                                                                                                                                                                   58
    59  21  Multiply line 20 by the percentage on line 14  . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . .  . 21                                                                         123456789                 59
    60                                                                                                                                                                                                                                                                                   60
    61  22  Multiply line 7 by 50% (.50)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 22  123456789                 61
    62                                                                                                                                                                                                                                                         Continued next page       62
    63                                                                                             9995                                                                                                                                                                                  63
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    1                                                                                                                                                                                                                                                                                    1
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    3                                                           NEAR FINAL DRAFT 8/1/24                                                                                                                                                                                                  3
    4                                                                                                                                                                                                                                                                                    4
       2024 Schedule RD, page 2
    5                                                                                                                                                                                                                                                                                    5
    6                                                                                                                                                                                               *247021*6
    7                                                                                                                                                                                                                                                                                    7
    8  NAME OF CORPORATION                                                                                                   123456789                                                                                                                     123456789                     8
    9  Name of Corporation                                                                                                     FEIN                                                                                                                           Minnesota Tax ID           9
    10                                                                                                                                                            Round amounts to nearest whole dollar.                                                                                 10
    11                                                                                                                                                                                                                                                                                   11
    12  23  Base amount (enter amount from line 21 or line 22, whichever is greater)                             . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . .  .              23                                                         123456789                 12
    13                                                                                                                                                                                                                                                                                   13
    14  24  Subtract line 23 from line 7 (if result is zero or less, leave blank)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  .                          24                                                         123456789                 14
    15                                                                                                                                                                                                                                                                                   15
    16  25  Enter the amount from line 24 or $2,000,000, whichever is less  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  .                                 25                                                         123456789                 16
    17                                                                                                                                                                                                                                                                                   17
    18  26  Subtract line 25 from line 24  . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . .  . 26                                                           123456789                 18
    19                                                                                                                                                                                                                                                                                   19
    20  27  Multiply line 25 by 10% (.10)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . .  . 27                                                           123456789                 20
    21                                                                                                                                                                                                                                                                                   21
    22  28  Multiply line 26 by 4% (.04)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 28  123456789                 22
    23                                                                                                                                                                                                                                                                                   23
    24  29 Current credit   (add lines 27 and 28)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . .29  . . . .  .                                                                     123456789                 24
    25                                                                                                                                                                                                                                                                                   25
    26  30  Your share of any credit from a partnership (see instructions)  . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . .  . 30                                                                                         123456789                 26
    27                                                                                                                                                                                                                                                                                   27
    28  31  Tentative credit (add lines 29 and 30; see instructions)            . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . .  . 31                                                                        123456789                 28
    29                                                                                                                                                                                                                                                                                   29
    30  32  Limitation (see instructions) . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . .  . 32                                                              123456789                 30
    31                                                                                                                                                                                                                                                                                   31
    32  33  Credit for increasing research activities (enter line 31 or line 32, whichever is less)  .  . . . . . .  . . . . . .  . . . . .  . . . . .  . 33                                                                                                   123456789                 32
    33                                                                                                                                                                                                                                                                                   33
    34  34  Total credit allocated to other members of the combined return (see instructions)   . .  . . . . .  . . . . .  . . . . . .  . . .  . 34                                                                                                            123456789                 34
    35                                                                                                                                                                                                                                                                                   35
    36  35  Add lines 33 and 34   . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 35                                                         123456789                 36
    37                                                                                                                                                                                                                                                                                   37
    38  36  Subtract line 35 from line 31  . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . 36                                                                123456789                 38
    39                                                                                                                                                                                                                                                                                   39
    40  37  Current year credit from other members of the combined return (see instructions)  . . .  . . . . . .  . . . . .  . . . . . . .  . 37                                                                                                               123456789                 40
    41                                                                                                                                                                                                                                                                                   41
    42  38  Add lines 33 and 37   . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 38                                                         123456789                 42
    43                                                                                                                                                                                                                                                                                   43
    44  39  Your credit carryover from 2023 (see instructions)  . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . 39                                                                                  123456789                 44
    45                                                                                                                                                                                                                                                                                   45
    46  40  Add lines 38 and 39   . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . .  . 40                                                         123456789                 46
    47                                                                                                                                                                                                                                                                                   47
    48  41  Total carryover credit received from other members of the combined return (see instructions)  . . . . . .  . . . . .  . 41                                                                                                                         123456789                 48
    49                                                                                                                                                                                                                                                                                   49
    50  42  Total carryover credit allocated to other members of the combined return (see instructions)  . . .  . . . . . .  . . . .  . 42                                                                                                                     123456789                 50
    51                                                                                                                                                                                                                                                                                   51
    52  43  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .  . 43                                                                                          52
    53                                                                                                                                                                                                                                                                                   53
    54  44  This line intentionally left blank . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . .  . 44                                                                                          54
    55                                                                                                                                                                                                                                                                                   55
    56  45  2024 Credit (enter line 32 or the sum of lines 40 and 41, whichever is less) Enter on Form M4T line 14 . . .  . .  . 45                                                                                                                            123456789                 56
    57                                                                                                                                                                                                                                                                                   57
    58  46  Credit carryover to 2025 (see instructions)   . . . .  . . . . .  . . . . . .  . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . 46                                                                           123456789                 58
    59                                                                                                                                                                                                                                                                                   59
    60 Attach this schedule and a copy of federal Form 6765 to your Minnesota return.                                                                                                                                                                                                    60
    61                                                                                                                                                                                                                                                                                   61
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    1                                                                                                                                                                                                                                                                                                                                                      1
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    3                                                                                                                                                    NEAR FINAL DRAFT 8/1/24                                                                                                                                                                           3
    4  2024 Schedule RD, page 3                                                                                                                                                                                                                                                                                                                            4
    5                                                                                                                                                                                                                                                                                                                                                      5
    6                                                                                                                                                                                                                                                                                 *247051*6
    7                                                                                                                                                                                                                                                                                                                                                      7
    8  NAME OF CORPORATION                                                                                                                                                                                                  123456789                                                      123456789                                                       8
    9  Name of Corporation                                                                                                                                                                                                     FEIN                                                        Minnesota Tax ID                                                9
    10                                                                                                                                                                                                                                                                                                                                                     10
    11     Additional Information. Please check the appropriate box.                                                                                                                                                                                                                                                                                       11
    12     1.  Did a CPA, attorney, consultant or other:                                                                                                                                                                                                                                                        Yes          No                            12
    13            a.Assist     thein calculation or preparation of the tax credit?                                                                                                    . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  1a   . .         X            X                             13
    14                                                                                                                                                                                                                                                                                                                                                     14
    15            b.Conduct    a R&D tax credit study?                                                                                        . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .1b   .  . .       X            X                             15
    16            If “Yes” is checked on lines 1a or 1b, provide the following information for each individual who assisted in the calculation or preparation                                                                                                                                                                                              16
    17            of the tax credit or conducted a tax credit study. (If more than one individual, attach a schedule for each with the following information):                                                                                                                                                                                             17
    18            Individual’s Name                                                                                                                                                                                Individual’s Title                                                                                                                      18
    19            INDIVIDUAL’S NAME                                                                                                                                                                              INDIVIDUAL’S TITLE                                                                                                                        19
    20            Individual’s Company                                                                                                                                                                             Individual’s Phone Number                                                                                                               20
    21            INDIVIDUAL’S COMPANY                                                                                                                                                                           6515551234                                                                                                                                21
    22            c.  If “Yes” is checked on lines 1a or 1b, may the Minnesota Department of Revenue discuss the tax credit with the                                                                                                                                                                                                                       22
    23                         individual(s) who assisted thein    calculation preparationor           of the tax credit or conducted a tax credit study?                                                                                                                      . . . .  . .   1c                X            X                             23
                                                                                                                                                                                                           Review of                                      Combination of review of  
    24                                                                                                                                                                                               contemporaneous                 Estimation                 contemporaneous                                                                            24
                                                                                                                                                                                                             records                                         records and estimation
    25     2.  How were the following calculated: check appropriate box.                                                                                                                                                                                                                                                                                   25
    26            a.  Wages . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . .  .      2a                                                                                 X                         X                              X                                                                                   26
    27                                                                                                                                                                                                                                                                                                                                                     27
    28            b.  Supplies   . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . 2b   .                                                                                    X                         X                              X                                                                                   28
    29                                                                                                                                                                                                                                                                                                                                                     29
    30            c.  Contracted Research                                                                      . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . .     2c                          X                         X                              X                                                                                   30
    31     3.  Were the following performed/conducted within the state of Minnesota:                                                                                                                                                                                                                                                                       31
    32            a.  Wages . . .  . . . . . .  . . . . .  . . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .3a   .  . .  .                                                                        X            X                             32
    33                                                                                                                                                                                                                                                                                                                                                     33
    34            b.  Contracted Research                                                                      . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . . . . . 3b  . . .  .                X            X                             34
    35            If “No” is checked on lines 3a or 3b, the taxpayer cannot claim those expenses in calculating the tax credit.                                                                                                                                                                                                                            35
    36     4.Was  the claimed research performed at the request anotherof individual entity?or                                                                                                                                 . . . . . .  . . . . . .  . . . . .  . . . . . .  . . . . . .  . 4   .           X            X                             36
    37                                                                                                                                                                                                                                                                                                                                                     37
    38     5.Was  the claimed research performed as part of a joint venture with another individual or entity?                                                                                                                                       . .  . . . . . .  . . . . . .  . . . . .  .   5            X            X                             38
    39                                                                                                                                                                                                                                                                                                                                                     39
           6.     Did you receive an Innovation Grant from the Minnesota Department of Employment  
    40            and Economic Development (DEED)?                                                                                            .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . 6   .  .  .  . X.   .  .  . X.  .  .  .  .  .  .  .  .  . 40.  .  .     
    41            If “Yes” is checked, see instructions for lines 1-6 Qualified Expenses.                                                                                                                                                                                                                                                                  41
    42                                                                                                                                                                                                                                                                                                                                                     42
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