Eligibility
C-Corporations subject to the Ohio franchise tax provision
of the Ohio Revised Code Section 5733.06 are eligible for
this credit. Only those C-Corporations falling within the
designated Standard Industrial Classification categories of
manufacturing, finance, insurance, real estate, business
services, legal services, engineering, accounting, research,
management and related fields are eligible.
Incentive/Benefit
The credit equals one-half of the total excess eligible
costs incurred during the calendar year period of the
application minus the average of the total eligible costs
incurred by the taxpayer in the three preceding year
calendar years. Additionally, the credit may not exceed:
- A maximum of $100,000 annually per company (including
all facilities in Ohio)
- An average of $500 per eligible employee trained
- One-half of the taxpayer's Ohio franchise tax
liability for the preceding year.
- The unused portion of the credit can be carried
forward for up to three years.
Eligible Costs
Eligible costs include direct costs of instructors,
materials, supplies and instructional media, and necessary
training equipment. The wages paid to eligible employees
during normal working hours while participating in an
eligible training program are also eligible. The cost to
determine employee skill deficiencies is also an eligible
expense.
Application Process
Eligible taxpayers may apply to the Director of the Ohio
Department of Job and Family Services.
Contact
Ohio
Department of Development
Cincinnati Regional Office (513) 852-2826
Columbus Office (614) 466-4551
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