For how long can unused California Research Credits be carried forward?

Unused California Research Credits can be carried forward indefinitely, allowing taxpayers to apply these credits to future tax liabilities without a time limit. This policy encourages ongoing investment in research and development by providing businesses the flexibility to utilize these credits when their tax liabilities might be higher, helping to stimulate economic growth and innovation. While some tax benefits have specific expiration dates or limits on their carryforward periods, the indefinite carryforward provision for California Research Credits demonstrates a commitment to fostering a supportive environment for research activities within the state.