Fillable Schedule E - Ohio Schedule E Nonrefundable Business Credits

Schedule E

Rev. 12/12

• Name of employee

Important: Taxpayers claiming the day-care credit should

• Date hired and date of termination (if applicable)

maintain for four years a supporting schedule that provides

• Amount paid or reimbursed for all or part of the cost of the

the following information for each qualifying new employee

employee’s participation in the qualiﬁ ed training program

receiving reimbursement for day-care expenses:

R.C. 5709.61(P) deﬁ nes a “qualiﬁ ed training program” as any

• Name of employee

noncredit training program or course of study that is offered

• Date hired

by any of the following:

• Number of children or dependents receiving day-care ser-

vices

• State college or university

• Amount reimbursed to employee.

• University branch district

• Community college

For purposes of the enterprise zone day-care credit and the

• Technical college

enterprise zone training credit, R.C. 5709.64(A)(2) deﬁ nes

“qualifying new employees” as persons who at the time they

• College or university certiﬁ ed under R.C. 1713.02

• School district

were hired were one of the following:

• Joint vocational school district

• Unemployed persons residing for at least six months in the

• School registered under R.C. 3332.05

county in which the enterprise’s project site is located,

• An entity administering any federal, state or local adult

education and training program; OR

• “Job Training Partnership Act” eligible employees residing

• Any enterprise.

for at least six months in the county in which the enterprise’s

project site is located,

In addition, a qualiﬁ ed training program must meet all the fol-

lowing requirements:

• Recipients of aid to dependent children, general relief or

unemployment compensation beneﬁ ts who reside for at least

• The training program is approved by the director of the Ohio

six months in the county in which the enterprise’s project

Development Services Agency; AND

site is located,

• The purpose of the training program is to satisfy the need of

• Handicapped persons as deﬁ ned under division (A) of R.C.

a particular industry or enterprise for skilled or semi-skilled

3304.11, residing for at least six months in the county in

employees; AND

which the enterprise’s project site is located, or

• An individual is required to complete the course or program

• Residents for at least one year of an enterprise zone located

before ﬁ lling a position at the enterprise’s facility.

in the county in which the enterprise’s facility is located.

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

through entity, each equity investor may claim a proportionate

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

share of the credit. Enter the credit amount in Schedule E-2,

may claim a proportionate share of the credit. Enter the credit

line 1 in the appropriate column. Credit amounts that are not

amount in schedule E-2, line 1 in the appropriate column.

used can be carried forward to the succeeding taxable year

Credit amounts that are not used in the year generated can be

or years until fully utilized.

carried forward to the next succeeding taxable year or years

until fully utilized.

Line 9 – Ohio Historic Preservation Credit

Nonrefundable Portion

Enterprise Zone Training Credit

Administered by the Ohio Development Services Agency

Employers that hold a tax incentive qualiﬁ cation certiﬁ cate is-

(ODSA), the historic preservation credit applies to owners

sued by the Ohio Development Services Agency and that pay

and qualiﬁ ed lessees of certain historic Ohio buildings for the

or reimburse all or part of the cost of participation by “quali-

expenditures paid or incurred to rehabilitate such buildings,

fying new employees” in a “qualiﬁ ed training program” can

provided that ODSA approves the proposed rehabilitation

claim a nonrefundable tax credit equal to the amount that the

project. If ODSA approves the project, the credit equals 25%

employer pays or reimburses the qualifying new employee for

of the owner’s or qualiﬁ ed lessee’s “qualiﬁ ed rehabilitation

the training program. However, the maximum credit is $1,000

expenditures” (QREs) paid or incurred during the 24- or

per employee. In addition, the employee must be employed

60-month rehabilitation period shown on the taxpayer’s tax

by the enterprise for at least 90 days following completion of

credit certiﬁ cate issued by ODSA. “Qualiﬁ ed lessee” is deﬁ ned

the training program. This credit is allowed for the taxable year

in R.C. 149.311. The historic building’s owners or qualiﬁ ed

in which the employee completes the 90 days of subsequent

lessees can claim the credit against their income tax liability.

employment.

See R.C. 149.311 and 5747.76.

Important: Taxpayers claiming the training credit should

Amended Substitute House Bill 1, 128th General

maintain for four years a supporting schedule providing the

Assembly, effective July 19, 2009, amended the credit to

following information for each qualifying new employee for

speciﬁ cally provide that if a pass-through entity owns and

whom the taxpayer is claiming the credit:

restores a historic building with respect to which the ODSA

- 6 -

Schedule E - Ohio Schedule E Nonrefundable Business Credits - 2012 Page 6

Related Articles

Related forms

Related Categories