Fillable Ohio Schedule E Nonrefundable Business Credits

Schedule E

Rev. 12/13

Line 7 – Technology Investment Credit

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

Effective Sept. 29, 2013, the technology investment tax credit

site is located,

for Ohio taxpayers who invest in certain research and develop-

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

ment or technology-oriented businesses is no longer available.

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

However, taxpayers who are currently carrying forward an

which the enterprise’s project site is located, or

excess credit amount from prior years may continue to do so

until the amount is exhausted within the 15-year carryforward

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

period allowed by law. See. R.C. 122.152 and 5747.33.

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

The Ohio Development Services Agency administers this

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

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

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

ditional information, please contact the Ohio Development

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

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

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

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

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

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

carried forward to the next succeeding taxable year or years

until fully utilized.

Line 8 – Enterprise Zone Day Care and Training Credit

Enterprise Zone Training Credit

Enterprise Zone Day Care Credit

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

Employers who hold a Tax Incentive Qualiﬁ cation Certiﬁ cate

sued by the Ohio Development Services Agency and that pay

issued by the Ohio Development Services Agency and who

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

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

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

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

claim a nonrefundable tax credit equal to the amount that the

ployees to be employed at the enterprise zone facility to which

employer pays or reimburses the qualifying new employee for

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

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

nonrefundable tax credit equal to the amount reimbursed.

per employee. In addition, the employee must be employed

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

by the enterprise for at least 90 days following completion of

child or dependent of the qualifying new employee receiving

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

the day-care services. Only reimbursements of amounts that

in which the employee completes the 90 days of subsequent

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

employment.

Department of Human Services for day-care services provided

Important: Taxpayers claiming the training credit should

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

maintain for four years a supporting schedule providing the

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

following information for each qualifying new employee for

reimbursement is made.

whom the taxpayer is claiming the credit:

Important: Taxpayers claiming the day-care credit should

• Name of employee

maintain for four years a supporting schedule that provides

• Date hired and date of termination (if applicable)

the following information for each qualifying new employee

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

receiving reimbursement for day-care expenses:

employee’s participation in the qualiﬁ ed training program

• Name of employee

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

• Date hired

noncredit training program or course of study that is offered

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

by any of the following:

vices

• Amount reimbursed to employee.

• State college or university

• University branch district

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

• Community college

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

• Technical college

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

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

were hired were one of the following:

• School district

• Unemployed persons residing for at least six months in the

• Joint vocational school district

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

• School registered under R.C. 3332.05

• An entity administering any federal, state or local adult

• “Job Training Partnership Act” eligible employees residing

education and training program; OR

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

• Any enterprise.

project site is located,

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

• Recipients of aid to dependent children, general relief or

lowing requirements:

unemployment compensation beneﬁ ts who reside for at least

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Ohio Schedule E Nonrefundable Business Credits - 2013 Page 5

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