Fillable Schedule E - Ohio Schedule E Nonrefundable Business Credits

Schedule E

Rev. 12/12

assistance and who resided for at least one year in the county

grapes in Ohio. The credit is subject to recapture if the taxpayer

in which the facility is located. See R.C. 5709.66(B)(2)(a).

disposes of the property or ceases to use it as qualifying prop-

erty within seven years after placing it in operation. The grape

Important: Taxpayers who claim this credit should maintain for

producer calculates the credit. If the producer is a pass-through

four years a supporting schedule that provides the following

entity, each investor in the pass-through entity may claim a

information for each eligible employee for which an employee

proportionate share of the credit. Enter the credit amount in

tax credit certiﬁ cate is received from the director of the Ohio

Schedule E-2, line 1, in the appropriate column. Unused credit

Development Services Agency: (a) name of employee, (b) date

amounts may be carried forward for seven taxable years fol-

hired (and date of termination of employment if applicable)

lowing the taxable year in which the credit is generated. After

and (c) amount of credit claimed. If a taxpayer claims the R.C.

that time the unused portion of the credit expires.

5709.66 enterprise zone new employee tax credit with respect

to an employee, the taxpayer may not claim the R.C. 122.17

Line 7 – Technology Investment Credit

new jobs refundable credit with respect to that employee. See

The Department of Taxation previously referred to this credit

R.C. 5709.66(B)(2)(b)(i) and 122.17(A).

as the Edison Center Credit for Research and Development

Investors.

The employer calculates the credit. If the employer is a pass-

through entity, each investor in the pass-through entity may

Investors providing capital to certain qualifying, small, Ohio-

claim a proportionate share of the credit. Enter credit amount

based research and development or technology transfer

in Schedule E-2, line 1 in the appropriate column. Unused

companies may be eligible for a nonrefundable credit equal to

credit amounts may be carried forward for three taxable years

25% of the taxpayer’s at-risk investment (30% of the taxpayer’s

following the taxable year in which the credit is generated.

at-risk investment in the case of investments in qualifying

business enterprises in distressed areas of the state and in

Line 5 – Credit for Certiﬁ ed Ethanol Plant Investments

business enterprises certiﬁ ed by the director of administrative

A taxpayer may claim a credit if the taxpayer invests in a certi-

services as a participant in the encouraging diversity, growth

ﬁ ed ethanol plant. The investment must be made after Jan. 1,

and equity {EDGE} program established by executive order

2002 and before Dec. 31, 2012.

2002-17T). An investor or investor group proposing to invest

in a qualifying, small, Ohio-based research and development

The amount of the credit is equal to 50% of the money the

company or technology transfer company and seeking to

taxpayer invests in a certiﬁ ed ethanol plant up to a maximum

claim the credit must apply to one of the state’s seven Edison

of $5,000 per taxpayer per ethanol plant regardless of the

Centers for recommendation of the proposed investment. The

number of years in which the taxpayer makes investments.

credit application fee is $200 for a single investor and $800

The credit shall be claimed for the taxable year during which

for an investor group. The credit is evidenced by a tax credit

the investment was made.

certiﬁ cate.

“Ethanol” means the fermentation of ethyl alcohol from agricul-

The Ohio Development Services Agency administers this

tural products, including potatoes, cereal, grains, cheese whey,

credit. To request a credit application form and to obtain ad-

sugar beets, forest products and other renewable resources

ditional information, please contact the Ohio Development

that meet all of the speciﬁ cations of the ASTM. Certiﬁ ed

Services Agency, Technology Division, 77 S. High Street,

ethanol plant means a facility at which ethanol is produced

P.O. Box 1001, Columbus, OH 43216-1001 or call (614)

and for which the Ohio Department of Agriculture has issued

466-3887 or 1-(800) 848-1300.

a certiﬁ cate under R.C. 901.13.

Line 8 – Enterprise Zone Day Care and Training Credit

If the investor is a pass-through entity, each equity investor in

the pass-through entity may claim a proportionate share of the

Enterprise Zone Day Care Credit

credit. The total credit for all years may not exceed the maxi-

Employers who hold a Tax Incentive Qualiﬁ cation Certiﬁ cate

mum limit of $5,000 per taxpayer per certiﬁ ed ethanol plant.

issued by the Ohio Development Services Agency and who

reimburse “qualifying new employees” (deﬁ ned below) for all

The Ohio Department of Agriculture administers this credit.

or part of day-care services necessary to enable such em-

To request a credit application form and to obtain additional

ployees to be employed at the enterprise zone facility to which

information, please contact the Ohio Department of Agri-

the tax incentive qualiﬁ cation certiﬁ cate applies, can claim a

culture, 8995 East Main Street, Reynoldsburg, OH 43068;

nonrefundable tax credit equal to the amount reimbursed.

general phone number: 614-466-2732; e-mail address:

However, the credit is limited to a maximum of $300 for each

agri@odant.agri.state.oh.us.

child or dependent of the qualifying new employee receiving

the day-care services. Only reimbursements of amounts that

Line 6 – Credit for Purchases of Grape Production

Property

new employees pay to day-care centers licensed by the Ohio

Department of Human Services for day-care services provided

Grape producers may claim a credit equal to 10% of the cost

during the ﬁ rst 24 months of employment are eligible for this

of purchasing and installing or constructing qualifying property

credit. The credit is available for the taxable year in which the

on or after Jan. 1, 1994. Qualifying property is any property,

reimbursement is made.

plant or equipment used in growing, harvesting or producing

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Schedule E - Ohio Schedule E Nonrefundable Business Credits - 2012 Page 5

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