Corporation Franchise Tax
Corporate Franchise Tax Tables: Refundable and
Nonrefundable Tax Credits Claimed, Tax Year 2009
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 small
telephone company credit, and all other credits (see the
table for a complete list of other available credits).
There were 151 nonrefundable credits claimed amounting to
$2.0 million (after the phase-out factor).
There were 81 corporate franchise taxpayers claiming the
refundable job creation tax credit in tax year 2009,
amounting to $12.5 million.
Lastly, there were 918 corporate franchise taxpayers claiming
the nonrefundable manufacturing grant amounting to $8.1
million.
The data shown on these tables were compiled from returns
(form FT-1120) filed for tax year 2009 with the Ohio
Department of Taxation.