CPA Voice: Optimizing the Ohio R&D Credit

Written on Apr 05, 2018

Ohio businesses looking to take advantage of credits should consider the Ohio Research and Development Investment Tax Credit.

“This nonrefundable credit can offset Ohio’s Commercial Activity Tax,” writes Kaitlin Newkirk, CPA and David Randolph, CPA, in the March/April issue of CPA Voice.

“The Ohio R&D credit is equal to 7% of the excess of (1) qualifying research expenses incurred in Ohio for the year for which the credit is being claimed over (2) the taxpayer’s average annual qualifying research expenses incurred in Ohio for the three preceding tax years (Ohio Revised Code Section 5751.51),” the authors write. “For those, Ohio prescribes to the same definition given under Internal Revenue Code Section 41.”

CPA VoiceLearn how to go about claiming the Ohio credit now.

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March/April 2018 exam


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