How to Obtain the Credit?
Effective for taxable years beginning after December 31, 2012, a qualified high technology business that claims the credit must complete and file with the Department of Business, Economic Development, and Tourism (DBEDT) an annual survey on electronic forms prepared and prescribed by that Department. The survey must be filed before June 30 of each calendar year following the calendar year in which the credit may be claimed. All claims for the credit must be filed by the end of the 12th month following the close of the taxable year for which the credit may be claimed. Failure to properly claim the credit constitutes a waiver of the right to claim the credit.
Refundable/Transferable Tax Credit- Yes