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Ohio and the Research and Development (R&D) Tax Credit
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.
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Why choose us?
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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 20 E Broad St, Columbus, Ohio provides R&D tax credit consulting and advisory services to Columbus, Cleveland, Cincinnati, Toledo, Akron, Dayton, Parma, Canton, Youngstown, Lorain, Hamilton, Springfield, Kettering, Elyria, Lakewood, Cuyahoga Falls, Middletown, Euclid, Newark and Mansfield.
If you have any questions or need further assistance, please call or email our local Ohio Partner on (380) 220-1380.
Feel free to book a quick teleconference with one of our Ohio R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.
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Ohio Office
Swanson Reed | Specialist R&D Tax Advisors
