Ohio Business Credits Schedule

Business Credits Schedule
Schedule E
Schedule E
Rev. 09/23

10211411

2023 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
Entity FEIN
Taxpayer name and address

Foreign State Code

Certificate Holder Information (If different from Taxpayer)
Percent of Ownership

Country Code

Entity FEIN
Taxpayer name and address

Foreign State Code

	

A
NONREFUNDABLE BUSINESS CREDITS

Carryforward
Period

1.	 Campaign contribution credit for
	 Ohio statewide office or General	Assembly

None

2.	 Scholarship donation credit

None

3.	 Credit for work-based learning experiences*

None

4.	 Job retention credit*

3 years

5.	 Credit for new employees in an 			
	 enterprise zone*

3 years

6.	 Credit for commercial vehicle operator 		
	 training expenses*

5 years

7.	 Welcome Home Ohio credit*

5 years

8.	 Credit for sale/rental of agricultural
	 assets to beginning farmers*

7 years

9.	 Credit for purchases of grape
	 production property

7 years

10.	InvestOhio credit*

7 years

11.	Lead abatement credit*

7 years

*include a copy of the credit certificate

Unused Credit
Balance

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Country Code
B

C

D

Credit Earned
Credit Used
Remaining
During
on this Return Credit Balance
Current Year

10211411

	

A
NONREFUNDABLE BUSINESS CREDITS
(CONTINUED)

Carryforward
Period

12.	Opportunity zone investment credit* 	

5 years

13.	Technology investment credit*

15 years

14.	Enterprise zone day-care and
	 training credits*

Unlimited

15.	Research & Development loan
	 repayment credit*

Unlimited

16.	Ohio historic preservation credit*

5 years

17. Ohio low-income housing credit*

5 years

18.	Affordable single-family housing credit*

5 years

Unused Credit
Balance

B

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D

Credit Earned
Credit Used
Remaining
During
on this Return Credit Balance
Current Year

19.	Total nonrefundable business credits (sum of Column C lines 1 through 18). Enter here 	
	 and on IT 4708, line 11 or IT 1041, line 10.

*include a copy of the credit certificate

C

Schedule E
Rev. 09/23

General Instructions
The nonrefundable business credit schedule lists the
nonrefundable 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 if the
entity is entitled to more than one credit and the entity
is unable to use some portion of the total credit in the
year generated.
Read all of the following instructions carefully for each
section to determine if the entity is eligible to claim
that particular credit.
An entity must include Schedule E and any supporting documentation when filing the return. All other
supporting schedules or documentation are subject
to examination by the Ohio Department of Taxation.
Line 1 – Campaign Contribution Credit for Ohio
Statewide Office or General Assembly
Taxpayers other than trusts may claim a credit for
contributions of money during the taxable year to
the campaign committee of candidates for any of the
following Ohio offices:
•	 Governor
•	 Treasurer of State
•	 Lieutenant Governor
•	 Attorney General
•	 Secretary of State
•	 Ohio Senate
•	 Chief Justice of the
•	 Ohio House of
Ohio Supreme Court
Representatives
•	 Justice of the Ohio
•	 Ohio Board of
Supreme Court
Education
•	 Auditor of State
The amount of the credit is the lesser of (i) the
combined total cash contributions made by each
taxpayer during the taxable year or (ii) $50 for each
taxpayer. If the contributor is a pass-through entity,
each pass-through entity investor, other than investors
that are trusts, may claim a proportionate share of the
contribution. However, the credit for each investor,
other than investors that are trusts, cannot exceed
the lesser of each investor’s proportionate share of
the contribution or $50.
Note: If you claim the credit for political contributions
in Schedule E, you may not claim a credit for the same
political contributions in Schedule III of Ohio IT 1041.
Line 2 – Scholarship Donation Credit
To qualify for this credit, the entity must make a
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monetary donation to an eligible scholarship granting organization (SGO). The credit equals the lesser of
$750 or the total amount donated to SGOs during the
tax year. If this credit is based on your ownership of a
pass-through entity that made the donation, include
documentation showing your portion of the credit.
The share of the credit claimed by all investors cannot exceed $750. Note: Estates use IT 1041, line 48a.
For a list of eligible SGOs, see tax.ohio.gov/SGO. See
R.C. 5747.73.
Line 3 – Credit for Work-Based Learning Experiences
This credit is granted by the Ohio Department of
Education (ODE). To claim the credit, you must attach
a copy of the certificate from ODE that indicates the
amount of the credit and the tax year for which the
credit is awarded. Additionally, if this credit is based
on your ownership of a pass-through entity that holds
the certificate, you must also include documentation
showing your portion of the credit.
For more information about the requirements for this
credit, visit education.ohio.gov. See R.C. 5747.057.
Line 4 – Nonrefundable Job Retention Credit
This credit is granted by the Ohio Department of
Development (ODOD). To claim the credit, the entity
must attach a copy of the certificate from ODOD that
indicates the amount of the credit and 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 documentation of the portion
of the credit owned. To the extent this credit exceeds
the entity’s tax liability, any remaining balance can be
carried forward up to three years.
For additional information about the requirements for
this credit, visit development.ohio.gov, or call 1-800848-1300. See R.C. 122.171(I) and 5747.058(B).
Line 5 – Credit for New Employees in an Enterprise
Zone
This credit is granted by the Ohio Department of
Development (ODOD). To claim the credit, the entity
must attach a copy of the certificate from ODOD that
indicates the amount of the credit and the tax year
for which the credit is awarded. Additionally, if this
credit is based on ownership of an entity that holds

Schedule E
Rev. 09/23

the certificate, include documentation of the portion
of the credit. To the extent this credit exceeds the
entity’s tax liability, any remaining balance can be
carried forward up to three years.
For additional information about the requirements for
this credit, visit development.ohio.gov, or call 1-800848-1300. See R.C. 5709.66(B)(1).
Line 6 - Credit for Commercial Vehicle Operator
Training Expenses
This credit is granted by the Ohio Department of
Development (ODOD). To claim the credit, you must
attach a copy of the certificate from ODOD that
indicates the amount of the credit and the tax year
for which the credit is awarded. Additionally, if this
credit is based on your ownership of a pass-through
entity that holds the certificate, you must also include
documentation showing your portion of the credit.
To the extent this credit exceeds your tax liability,
any remaining balance can be carried forward up to
five years.
For more information about the requirements for this
credit, visit development.ohio.gov, or call 1-800-8481300. See R.C. 122.91 and 5747.82.
Line 7: Welcome Home Ohio Credit
This credit is granted by the Ohio Department of Development (ODOD). To claim the credit, you must attach
a copy of the certificate from ODOD that indicates the
amount of the credit and the tax year for which the
credit is awarded. Additionally, if this credit is based
on your ownership of a pass-through entity that holds
the certificate, you must also include documentation
showing your portion of the credit. To the extent this
credit exceeds your tax liability, any remaining balance
can be carried forward up to five years.
For more information about the requirements for this
credit, visit development.ohio.gov, or call 1-800-8481300. See R.C. 122.633.
Line 8 - Credit for Sale/Rental of Agricultural Assets
to Beginning Farmers
This credit is granted by the Ohio Department of
Agriculture (ODA). To claim the credit, you must attach
a copy of the certificate from ODA that indicates the
amount of the credit and the tax year for which the
credit is awarded. Additionally, if this credit is based
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on your ownership of a pass-through entity that holds
the certificate, you must also include documentation
showing your portion of the credit. To the extent this
credit exceeds your tax liability, any remaining balance
can be carried forward up to seven years.
For more information about the requirements for
this credit, visit agri.ohio.gov. See R.C. 901.61(D) and
5747.77(A).
Line 9 – Credit for Purchases of Grape Production
Property
To qualify for this credit, the entity must be engaged
in the business of producing grapes and purchase
qualifying property during the tax year. “Qualifying
property” means any property, plant, or equipment
used to produce grapes in this state. The credit
equals 10% of the cost of purchasing and installing or
constructing the qualifying property. If the producer
is a PTE, each investor in the entity may claim a
proportionate share of the credit.
This credit is nonrefundable, however any unused
portion can be carried forward for up to seven
consecutive years. The credit is subject to recapture if
the taxpayer disposes of the property or ceases to use
it as qualifying property within seven years of placing
it in operation.
See R.C. 5747.28.
Line 10 – InvestOhio Credit
This credit is granted by the Ohio Department of
Development (ODOD). To claim the credit, the estate or
trust must attach a copy of the certificate from ODOD
that indicates the amount of the credit and the tax
year for which the credit is awarded. This credit is not
available to pass-through entities filing the IT 4708. To
the extent this credit exceeds the entity’s tax liability,
any remaining balance can be carried forward up to
seven years.
For additional information about the requirements for
this credit, visit development.ohio.gov, or call 1-614466-1450. See R.C. 5747.81.
Line 11 - Lead Abatement Credit
This credit is granted by the Ohio Department of
Health (ODH). To claim this credit, the estate or trust
must attach a copy of the certificate from ODH that
indicates the amount of the credit and the tax year for

which the credit is based. This credit is not available
to pass-through entities filing the IT 4708. To the
extent this credit exceeds the entity’s tax liability,
any remaining balance can be carried forward up to
seven years.
For additional information about the requirements
for this credit, visit odh.ohio.gov, or call 614-466-1450.
See R.C. 5747.26.
Line 12 – Opportunity Zone Investment Credit
This credit is granted by the Ohio Department of
Development (ODOD). To claim this credit, the entity
must attach a copy of the certificate from DSA that
indicates the amount of the credit and 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 documentation of the portion
of the credit owned. To the extent this credit exceeds
the entity’s tax liability, any remaining balance can be
carried forward up to five years.

Line 15 – Research and Development Loan
Repayment Credit
This credit is granted by the Ohio Department of
Development (ODOD). To claim the credit, the entity
must attach a copy of the certificate from ODOD that
indicates the amount of the credit and 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 documentation of the portion
of the credit owned. To the extent this 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 1-800848-1300. See R.C. 166.21 and 5747.331.
Line 16 – Nonrefundable Ohio Historic Preservation
Credit

For additional information about the requirements for
this credit, visit development.ohio.gov, or call 1-800848-1300. See R.C. 122.84.
Line 13 – Technology Investment Credit
Effective Sept. 29, 2013, the technology investment
credit was repealed, and thus is no longer available.
However, this nonrefundable credit had a 15-year
carryforward. Therefore, the entity may continue to
claim any unused credit for the 15-year period. See
R.C. 122.152.

This credit is granted by the Ohio Department of
Development (ODOD). To claim the credit, the entity
must attach a copy of the certificate from ODOD that
indicates the amount of the credit and 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 documentation of the portion
of the credit owned.
If the credit is $3,000,000 or less, it may instead be
taken as a refundable credit (IT 4708 Schedule V, line
46; IT 1041 Schedule XII, line 85). Due to recent law
changes, if you received an amended certificate for
a project approved after June 30, 2020 or an original
certificate issued after September 13, 2022, this credit
is fully refundable up to $10,000,000 claimed per
project in any tax year. To the extent this credit exceeds
the entity’s tax liability, any remaining balance can be
carried forward up to five years.

Line 14 – Enterprise Zone Day Care and Training
Credit
This credit is granted by the Ohio Department of
Development (ODOD). To claim the credit, the entity
must attach a copy of the certificate from ODOD that
indicates the amount of the credit and 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 documentation of the portion
of the credit owned. To the extent this 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 1-800848-1300. See R.C. 5747.76(D) and 149.311.
Line 17 – Ohio Low-Income Housing Credit

For additional information about the requirements for
this credit, visit development.ohio.gov, or call 1-800848-1300. See R.C. 5709.65(A)(4) and (5).
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This credit is granted by the Ohio Housing Finance
Agency (OHFA). To claim the credit, you must attach a
copy of the credit certificate from OHFA that indicates
the annual amount of the credit and the period for
which the credit is awarded. If available, include a
copy of the report from the designated reporter that

indicates the amount of the annual credit amount
allocated to you. The credit cannot be claimed unless
you are included on this report. This credit has a 10year credit period. To the extent this credit exceeds
your tax liability, any remaining balance can be carried
forward up to five years.
For more information about the requirements for this
credit, visit ohiohome.org or call 1-888-362-6432. See
R.C. 175.16 and 5747.83.

you are included on this report. The credit has a 10
year credit period. To the extent this credit exceeds
your tax liability, any remaining balance can be carried
forward up to five years.
For more information about the requirements for this
credit, visit ohiohome.org or call 1-888-362-6432. See
R.C. 175.17 and 5747.84.
Refundable Business Credits

Line 18 – Affordable Single-Family Housing Credit
This credit is granted by the Ohio Housing Finance
Agency (OHFA). To claim the credit, you must attach a
copy of the credit certificate from OHFA that indicates
the annual amount of the credit and the period for
which the credit is awarded. If available, include a
copy of the report from the designated reporter that
indicates the amount of the annual credit amount
allocated to you. The credit cannot be claimed unless

!

CAUTION

Do not use Schedule E to claim refundable
credits. Instead, claim them on the
appropriate “refundable credits” line on the
Ohio IT 4708 or IT 1041.

A refundable credit is treated as a payment of the tax
and is accounted for after the nonrefundable credits.
Unlike nonrefundable credits, a refundable credit
may result in the entity receiving a refund for a credit
amount in excess of tax due after reduction for all
nonrefundable credits.

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.

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