Innovation is at the heart of economic growth, and Oregon has long been home to some of the most forward-thinking companies in the United States. Whether it’s in technology, agriculture, clean energy, or manufacturing, the state is ripe with research and experimentation. One of the most effective ways to support and reward this innovation is through the Research and Development (R&D) Tax Credit. For businesses in the state, understanding the Oregon and the R&D Tax Credit can unlock significant financial benefits.
What is the R&D Tax Credit?
The federal R&D Tax Credit is a government initiative aimed at encouraging businesses to invest in developing or improving products, processes, and technologies. This tax credit can reduce a company’s federal income tax liability, and in some cases, even generate refunds.
While Oregon’s own R&D tax incentive was previously sunset, companies operating in the state can still take full advantage of the federal R&D Tax Credit—and that can mean substantial savings.
How Can Oregon Businesses Qualify?
Qualifying for the R&D Tax Credit is easier than many businesses realize. You do not need to wear a lab coat or run a high-tech company to be eligible. If your Oregon-based business is involved in:
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Developing or improving software
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Creating new or improved products or prototypes
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Enhancing production or manufacturing processes
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Conducting technical research or feasibility testing
You may qualify for the credit—even if the projects didn’t succeed or are still in development.
Why It Matters for Oregon Companies
In today’s competitive market, reinvesting in innovation is key to staying ahead. The R&D Tax Credit offers a way for Oregon companies to reduce their tax liability, free up capital, and reinvest those funds into growing their teams, expanding their operations, or launching new initiatives.
From startups in Portland’s tech scene to agricultural businesses in the Willamette Valley, many Oregon companies can benefit—but most are unaware they qualify.
Claiming the R&D Tax Credit the Right Way
The process of claiming the R&D Tax Credit requires detailed documentation and expertise. Many businesses miss out simply because they don’t understand how to apply or what activities qualify.
That’s where Swanson Reed can help.
???? Learn more about how your company can benefit from
Oregon and the R&D Tax Credit
with guidance from the experts at Swanson Reed.
Our team specializes in helping businesses identify eligible activities, calculate their credits accurately, and prepare strong documentation to support the claim. We make the process easy and efficient, saving you time while maximizing your return.
Final Thoughts
Oregon’s innovative business landscape deserves to be rewarded. If your company is investing in research or product development, you could be eligible for valuable tax savings through the R&D Tax Credit.
Don’t leave money on the table—discover what you’re entitled to with help from
Swanson Reed – Oregon R&D Tax Credit Experts.