INCENTIVE DESCRIPTION

State:	OH
Incentive Type:	Income/Franchise Tax Incentives and Credits
Incentive Title:	R&D Credits
Description:	1. Ohio Research & Development Investment Tax Credit. A nonrefundable tax credit against the corporation franchise and income taxes. It is designed to encourage Ohio companies to increase investment in R&D activities.
Eligibility Requirements:	1. Investment must fall under "Qualified Research Expenses" as defined under Section 41 of the Internal Revenue Code. Credit is equal to 7% of the excess amount of Qualified Research Expenses. Any unused credit may be carried forward 7 years.
Geographic Restrictions:	Statewide
Granting Authority:	Ohio Dept. of Taxation

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.