Ohio R&D Tax Credit Filing Instructions

To claim the Research and Development (R&D) tax credit in Ohio, businesses must be engaged in qualified R&D activities that align with Section 41 of the Internal Revenue Code, similar to federal guidelines. This nonrefundable credit is primarily used to offset the Ohio Commercial Activity Tax (CAT) liability. The credit amount is generally 7% of the qualified research expenses incurred in Ohio that exceed the taxpayer’s average annual qualified research expenses over the preceding three taxable years. There isn’t a separate application or pre-approval process with a state agency for this credit; instead, it is claimed directly on the business’s Ohio tax return. While the specific form isn’t always explicitly named as a standalone “R&D credit form” by the state, businesses filing their Commercial Activity Tax (CAT) return would typically claim it as part of their overall tax filing. The Ohio Department of Taxation advises that taxpayers should retain detailed records to substantiate their claim, including documentation of expenses from the current and three preceding taxable years. Any unused credit can be carried forward for up to seven years.

Ohio Patent of the Year – 2024/2025

Fabrisonic LLC has been awarded the 2024/2025 Patent of the Year for their innovative approach to quality monitoring in additive manufacturing. Their invention, detailed in U.S. Patent No. 11941568, titled ‘Method for quality monitoring of additive manufacturing processes’, introduces a novel system that integrates embedded sensors within the build platform to monitor the manufacturing process in real-time.

This system involves forming channels in the upper surface of the build platform, placing sensors within these channels, and enclosing them with the additive manufacturing substrate. As components are built directly on the substrate, the sensors gather data relevant to the manufacturing process, providing insights into factors such as temperature, strain, and material properties.

One of the key advantages of this approach is its ability to detect anomalies during the manufacturing process, allowing for immediate corrective actions. This proactive monitoring can lead to improved part quality, reduced waste, and enhanced efficiency in production.

Fabrisonic’s innovative method represents a significant advancement in additive manufacturing, offering a practical solution for real-time quality control and paving the way for more reliable and efficient manufacturing processes.