Corporation Franchise Tax
Corporate Franchise Tax Tables
Refundable and Nonrefundable Tax Credits Claimed, Tax Year
The attached corporate franchise tax table was created as a
supplement to the CF1-5 tax data series for tax year 2005. It
provides detail on the tax credits claimed by general
(non-financial institution) corporate franchise taxpayers.
Both refundable and nonrefundable credits are shown in the
table. The job creation tax credit is the only refundable
credit in tax year 2005; there were 240 corporate franchise
taxpayers claiming this credit, amounting to $36.9 million.
The nonrefundable tax credits shown include the manufacturing
investment credit, the Ohio coal credit for electric
companies, the credit for taxes paid by pass-through
entities, job training credit, research credit, small
telephone company credit, and other miscellaneous credits
(see the table for a complete list). There were 2,956
nonrefundable credits claimed amounting to $162.6 million.
The data shown on these tables were compiled from returns
filed for tax year 2005 with the Ohio Department of Taxation.