Enlarge image | Schedule E Department of Rev. 08/22 hio Taxation 10211411 2022 Ohio Schedule E Nonrefundable Business Credits For use by pass-through entities filing the IT 4708 or trusts/estates filing the IT 1041 and claiming nonrefundable business credits Taxpayer Information Certificate Holder Information (If different from Taxpayer) Entity FEIN Percent of Ownership Entity FEIN Taxpayer name and address Taxpayer name and address Foreign State Code Country Code Foreign State Code Country Code A B C D Credit Earned Carryforward Unused Credit Credit Used Remaining NONREFUNDABLE BUSINESS CREDITS During Period Balance on this Return Credit Balance Current Year 1. Campaign contribution credit for None Ohio statewide office or General Assembly 2. Scholarship Donation Credit None 3. Vocational Job Credit None 4. Job retention credit (include a copy of the credit certificate) 3 years 5. Credit for New Employees in an Enterprise Zone (include a copy of 3 years the credit certificate) 6. Credit for Purchases of Grape 7 years Production Property 7. InvestOhio credit (include a copy of 7 years the certificate) 8. Lead abatement credit (include a 7 years copy of the certificate) 9. Opportunity Zone Investment Credit 5 years (include a copy of the credit certificate) 10. Technology investment credit 15 years (include a copy of the credit certificate) 11. Enterprise zone day-care and training credits (include a copy of Unlimited the credit certificate) 12. Research & Development loan repayment credit (include a copy of Unlimited the credit certificate) 13. Ohio historic preservation credit 5 years (include a copy of the credit certificate) 14. Total Nonrefundable business credits (sum of Column C lines 1 through 13) Enter here and on IT 4708, line 11 or IT 1041, line 10 - 1 - |
Enlarge image | Schedule E Rev. 08/22 General Instructions Nonrefundable business credit schedule lists the nonrefundable Line 4 – Nonrefundable Job Retention Credit business credits in the order in which the entity may claim them as well as the carryover period for each credit. The order is important This credit is granted by the Ohio Department of Development if the entity is entitled to more than one credit and the entity is un- (ODOD). To claim the credit, the entity must attach a copy of the able to use some portion of the total credit in the year generated. certificate from ODOD that indicates the amount of the credit and the tax year for which the credit is awarded. Additionally, if this credit Read all of the following instructions carefully for each section to is based on ownership of an entity that holds the certificate, include determine if the entity is eligible to claim that particular credit. documentation of the portion of the credit owned. To the extent this credit exceeds the entity’s tax liability, any remaining balance can An entity must include Schedule E and any supporting documen - be carried forward up to three years. tation when filing the return. All other supporting schedules or documentation are subject to examination by the Ohio Department For additional information about the requirements for this of Taxation. credit, visit development.ohio.gov, or call 1-800-848-1300. See R.C. 122.171(I) and 5747.058(B). Line 1 – Credit for Contributions Made to Candidates for Ohio Statewide Office or General Assembly Line 5 – Credit for New Employees in an Enterprise Zone Taxpayers other than trusts may claim a credit for contributions This credit is granted by the Ohio Department of Development of money during the taxable year to the campaign committee (ODOD). To claim the credit, the entity must attach a copy of the of candidates for any of the following Ohio offices: certificate from ODOD that indicates the amount of the credit and the tax year for which the credit is awarded. Additionally, if this Governor Chief justice of the Ohio credit is based on ownership of an entity that holds the certificate, Lieutenant governor Supreme Court include documentation of the portion of the credit. To the extent this Secretary of state Justice of the Ohio credit exceeds the entity’s tax liability, any remaining balance can be carried forward up to three years. Auditor of state Supreme Court Treasurer of state Ohio Senate For additional information about the requirements for this credit, Attorney general Ohio House of visit development.ohio.gov, or call 1-800-848-1300. See R.C. Ohio Board of Education Representatives 5709.66(B)(1). The amount of the credit is the lesser of (i) the combined total Line 6 – Credit for Purchases of Grape Production Property cash contributions made by each taxpayer during the taxable To qualify for this credit, the entity must be engaged in the business year or (ii) $50 for each taxpayer. If the contributor is a pass- of producing grapes and purchase qualifying property during the tax through entity, each pass-through entity investor, other than year. “Qualifying property” means any property, plant, or equipment investors that are trusts, may claim a proportionate share of used to produce grapes in this state. the contribution. However, the credit for each investor, other than investors that are trusts, cannot exceed the lesser of The credit equals 10% of the cost of purchasing and installing or each investor’s proportionate share of the contribution or $50. constructing the qualifying property. If the producer is a PTE, each investor in the entity may claim a proportionate share of the credit. Note: If you claim the credit for political contributions in This credit is nonrefundable, however any unused portion can Schedule E, you may not claim a credit for the same political be carried forward for up to seven consecutive years. The credit contributions in Schedule III of Ohio IT 1041. is subject to recapture if the taxpayer disposes of the property or ceases to use it as qualifying property within seven years of placing Line 2 – Scholarship Donation Credit it in operation. To qualify for this credit, the entity must make a monetary dona- For additional information about the requirements for this credit, visit tion to an eligible scholarship granting organization (SGO). The development.ohio.gov, or call 1-800-848-1300. See R.C. 5747.28. credit equals the lesser of $750 or the total amount donated to SGOs during the tax year. Note: Estates use IT 1041, line 48a. Line 7 – InvestOhio Credit For a list of eligible SGOs, see tax.ohio.gov/SGO. See R.C. This credit is granted by the Ohio Department of Development 5747.73. (ODOD). To claim the credit, the entity must attach a copy of the certificate from ODOD that indicates the amount of the credit and Line 3 – Vocational Job Credit the tax year for which the credit is awarded. Additionally, if this credit is based on ownership of an entity that holds the certificate, include This credit is granted by the Ohio Department of Education (ODE). documentation of the portion of the credit owned. To the extent this To claim the credit, you must attach a copy of the certificate from credit exceeds the entity’s tax liability, any remaining balance can ODE that indicates the amount of the credit and the tax year for be carried forward up to seven years. which the credit is awarded. Additionally, if this credit is based on your ownership of a pass-through entity that holds the certificate, you For additional information about the requirements for this credit, visit must also include documentation showing your portion of the credit. development.ohio.gov, or call 1-800-848-1300. See R.C. 5747.81. For more information about the requirements for this credit, visit education.ohio.gov. See R.C. 5747.057. - 2 - |
Enlarge image | Schedule E Rev. 08/22 Line 8 - Lead Abatement Credit Line 12 – Research and Development Loan Repayment Credit This credit is granted by the Ohio Department of Health (ODH). This credit is granted by the Ohio Department of Development To claim this credit, the entity must attach a copy of the certificate (ODOD). To claim the credit, the entity must attach a copy of the from ODH that indicates the amount of the credit and the tax year certificate from ODOD that indicates the amount of the credit and for which the credit is based. Additionally, if this credit is based on the tax year for which the credit is awarded. Additionally, if this credit ownership an entity that holds the certificate, include documentation is based on ownership of an entity that holds the certificate, include of the portion of the credit owned. To the extent this credit exceeds documentation of the portion of the credit owned. To the extent this the entity’s tax liability, any remaining balance can be carried forward credit exceeds the entity’s tax liability, the balance can be carried up to seven years. forward until fully utilized. For additional information about the requirements for this credit, visit For additional information about the requirements for this credit, visit development.ohio.gov, or call 1-800-848-1300. See R.C. 5747.26. development.ohio.gov, or call 1-800-848-1300. See R.C. 166.21 and 5747.331. Line 9 – Opportunity Zone Investment Credit Line 13 – Nonrefundable Ohio Historic Preservation Credit This credit is granted by the Ohio Department of Development (ODOD). To claim this credit, the entity must attach a copy of the This credit is granted by the Ohio Department of Development certificate from DSA that indicates the amount of the credit and the (ODOD). To claim the credit, the entity must attach a copy of the tax year for which the credit is awarded. Additionally, if this credit is certificate from ODOD that indicates the amount of the credit and based on ownership of an entity that holds the certificate, include the tax year for which the credit is awarded. Additionally, if this credit documentation of the portion of the credit owned. To the extent this is based on ownership of an entity that holds the certificate, include credit exceeds the entity’s tax liability, any remaining balance can documentation of the portion of the credit owned. be carried forward up to five years. If the credit is $3,000,000 or less, it may instead be taken as a For additional information about the requirements for this credit, visit refundable credit (IT 4708 Schedule V, line 46; IT 1041 Schedule development.ohio.gov, or call 1-800-848-1300. See R.C. 122.84. XII, line 85). To the extent this credit exceeds the entity’s tax liability, any remaining balance can be carried forward up to five years. Line 10 – Technology Investment Credit For additional information about the requirements for this credit, visit development.ohio.gov, or call 1-800-848-1300. See R.C. Effective Sept. 29, 2013, the technology investment credit 5747.76(D). was repealed, and thus is no longer available. However, this nonrefundable credit had a 15-year carryforward. Therefore, the Refundable Business Credits entity may continue to claim any unused credit for the 15-year period. See R.C. 122.152. Do not use Schedule E to claim refundable credits. Instead, claim them on the appropriate “refundable Line 11 – Enterprise Zone Day Care and Training Credit ! credits” line on the Ohio IT 4708 or IT 1041. CAUTION This credit is granted by the Ohio Department of Development (ODOD). To claim the credit, the entity must attach a copy of the A refundable credit is treated as a payment of the tax and is certificate from ODOD that indicates the amount of the credit and accounted for after the nonrefundable credits. Unlike nonrefundable the tax year for which the credit is awarded. Additionally, if this credit credits, a refundable credit may result in the entity receiving a is based on ownership of an entity that holds the certificate, include refund for a credit amount in excess of tax due after reduction for documentation of the portion of the credit owned. To the extent this all nonrefundable credits. credit exceeds the entity’s tax liability, the balance can be carried forward until fully utilized. For additional information about the requirements for this credit, visit development.ohio.gov, or call 1-800-848-1300. See R.C. 5709.65(A)(4) and (5). Federal Privacy Act Notice: Because we require you to provide us with a Social Security number, the Federal Privacy Act of 1974 requires us to inform you that providing us with your Social Security number is mandatory. Ohio Revised Code sections 5703.05, 5703.057 and 5747.08 authorize us to request this information. We need your Social Security number in order to administer this tax. - 3 - |