Form Ft 1120fi - Corporation Franchise Tax Report For Financial Institutions

Name

Franchise tax I.D. number

2005

Schedule A-1 – Nonrefundable Credits

Credits must be claimed in the order listed in O.R.C. section 5733.98

Ohio Revised

Code Section

1. Credit for taxes paid by a qualifying pass-through entity ............................................................ 5733.0611

1. _______________

2. Credit for dealer in intangibles tax paid by member of qualifying controlled group ................... 5733.45

2. _______________

3. Credit for savings and loan association fees ............................................................................. 5733.063

3. _______________

4. Job training credit ........................................................................................................................ 5733.42

4. _______________

5. Credit for employers that establish an on-site child daycare center .......................................... 5733.37

5. _______________

6. Ethanol plant investment credit ................................................................................................... 5733.46

6. _______________

7. Total nonrefundable credits (enter here and on Schedule A, line 5) ..........................................

A “financial institution” is any of the following:

amendments thereto are not considered financial institutions,

nor are they considered dealers in intangibles. For franchise tax

purposes a production credit association is not a financial

– A national bank organized and existing as a national bank

association pursuant to the “National Bank Act,” 12 U.S.C.

institution. See O.R.C. sections 5725.01(A) and 5733.04(K).

21;

A “qualified institution” is a financial institution that has at least

– A federal savings association or federal savings bank that

9% of its deposits in Ohio as of the last day of June prior to the

is chartered under 12 U.S.C. 1464;

beginning of the tax year and meets one of the following three

tests:

– A bank, banking association, trust company, savings and

loan association, savings bank, or other banking institu-

– On or after June 1, 1997 the financial institution has

tion that is incorporated or organized under the laws of any

consummated one or more approved transactions with

state;

insured banks with different home states that would qualify

under section 102 of the “Reigle-Neal Interstate Banking

and Branching Efficiency Act of 1994,” Public Law 103-328,

– Any corporation organized under 12 U.S.C. 611 to 631;

108 Stat. 2338; or

– Any agency or branch of a foreign depository as defined in

12 U.S.C. 3101;

– The financial institution is a federal savings and loan

association or federal savings bank that on or after June 1,

– A company licensed as a small business investment

1997 has consummated one or more interstate acquisi-

company under the “Small Business Investment Act of

tions that result in a financial institution that has branches

1958,” 72 Stat. 689, 15 U.S.C. 661 as amended; or

in more than one state; or

– A company chartered under the “Farm Credit Act of 1933,”

– On or after June 1, 1997 the financial institution has

48 Stat. 257, 12 U.S.C. 1131(d), as amended.

consummated one or more approved interstate acquisi-

tions under the authority of Title XI of the Ohio Revised

Code that result in a financial institution that has branches

Insurance companies, credit unions, and corporations or

institutions organized under the “Federal Farm Loan Act” and

in more than one state.

Minimum Fee Requirements

Minimum Fee

Thresholds

$1,000

1. The sum of the taxpayer’s gross receipts from activities within and without Ohio during the

taxable year equals or exceeds $5 million; or

2. The total number of the taxpayer’s employees within and without Ohio during the taxable year

equals or exceeds 300.

Note:

In determining these thresholds, the taxpayer must include its proportionate share of the

gross receipts of any pass-through entity in which the taxpayer has a direct or indirect

ownership interest and its proportionate share of the number of employees of the pass-

through entity. Gross receipts include receipts that generate business income and nonbusi-

ness income.

$50

If the taxpayer’s gross receipts and number of employees did not equal or exceed the thresholds

above.

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Form Ft 1120fi - Corporation Franchise Tax Report For Financial Institutions - 2005 Page 4

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