Corporation Franchise Tax
Corporate Franchise Tax Tables: Refundable and
Nonrefundable Tax Credits Claimed, Tax Year 2008
The CF-Credits table is a supplement to the CF1-5 tax data
series. 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, as is the manufacturing grant. Values
are shown on both a pre phase-out factor and a post phase-out
factor basis.
The nonrefundable tax credits shown include the coal credit
for electric companies, the job training credit, the research
credit, the small telephone company credit, and other
miscellaneous credits (see the table for a complete
list). There were 434 nonrefundable credits claimed
amounting to $15.4 million (after the phase-out
factor).
The job creation tax credit was the only prominent refundable
credit in tax year 2008; there were 203 corporate franchise
taxpayers claiming this credit, amounting to $38.8
million.
Lastly, there were 1,237 corporate franchise taxpayers
claiming the nonrefundable manufacturing grant amounting to
$21.2 million.
The data shown on these tables were compiled from returns
filed for tax year 2008 with the Ohio Department of Taxation.