Ohio R&D Tax Credit Summary
R&D Tax Credit Available
Credit for Qualified Research Expenses
DOES IT APPLY TO C-CORPS & PASS THROUGHS?
The credit is only available to entities paying the Commercial Activity Tax (CAT)
Nonrefundable credit with similar definitions as federal for Qualified Research Expenses and Qualified Research Activities except only include Ohio-based expenses.
7% on incremental expenses over base amount. Base amount is the average expenses from the three prior years.