State Credit Name: Ohio R&D Investment Tax Credit
Expiration Date: Permanent
Who Can Apply? Corporations and flow-through entities
Credit Carry Forward: Unused credit can be carried forward 7 years.
About the Credit: The credit rate is 7% of the qualifying expenditures and closely follows the federal research credit. The Ohio credit uses the Alternative Simplified Credit calculation method.
Notes: The credit is nonrefundable against the Commercial Activity Tax.
Click here to find out if you qualify for the federal research credit.
Contact your local Swanson Reed office to speak with a representative in your area today.