2022 Ohio Schedule of Credits
The credit equals 10% of the cost of purchas-
ing and installing or constructing the qualify-
ing property. If the producer is a pass-through
entity, each investor in the pass-through
entity may claim a proportionate share of
the credit.
To the extent this credit exceeds your tax
liability, any remaining balance can be car-
ried forward up to seven years. The credit is
subject to recapture if the taxpayer disposes
of the property or ceases to use it as qualify-
ing property within seven years of placing it
in operation.
See R.C. 5747.28.
Line 22 – InvestOhio Credit
This credit is granted by the Ohio Depart-
ment of Development (ODOD). To claim
the credit, you must attach a copy of the
certicate 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 certi-
cate, you must also include documentation
showing your portion of the credit. To the
extent this credit exceeds your tax liabil-
ity, any remaining balance can be carried
forward up to seven years.
For more information about the requirements
for this credit, visit development.ohio.gov,
or call 1-800-848-1300. See R.C. 5747.81.
Line 23 - Lead Abatement Credit
This credit is granted by the Ohio Depart-
ment of Health (ODH). To claim this credit,
you must attach a copy of the certicate
from ODH that indicates the amount of the
credit and the tax year for which the credit is
based. Additionally, if this credit is based on
your ownership of a pass-through entity that
holds the certicate, 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 odh.ohio.gov. See R.C.
5747.26.
Line 24 – Opportunity Zone Investment
Credit
This credit is granted by the Ohio Department
of Development (ODOD). To claim this credit,
you must attach a copy of the certicate
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 certicate, you must also in-
clude 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 ve years.
For more information about the requirements
for this credit, visit development.ohio.gov,
or call 1-800-848-1300. See R.C. 122.84.
Line 25 – Technology Investment Credit
Effective Sept. 29, 2013, the technol-
ogy investment credit was repealed, and
thus is no longer available. However,
this nonrefundable credit had a 15-year
carryforward. Therefore, you may con-
tinue to claim any unused credit for the
15-year period or until it is fully utilized. See
R.C. 122.152 and former R.C. 5747.33.
Line 26 – Enterprise Zone Day Care and
Training Credit
This credit is granted by the Ohio Depart-
ment of Development (ODOD). To claim the
credit, you must attach a copy of the certi-
cate 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 certicate, 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 until fully utilized.
For more information about the requirements
for this credit, visit development.ohio.
gov, or call 1-800-848-1300. See R.C.
5709.65(A)(4) and (5).
Line 27 – Research and Development
Credit
This credit is granted by the Ohio Depart-
ment of Development (ODOD). To claim the
credit, you must attach a copy of the certi-
cate 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 certicate, 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 until fully utilized.
For more information about the requirements
for this credit, visit development.ohio.gov,
or call 1-800-848-1300. See R.C. 166.21
and 5747.331.
Line 28 – Nonrefundable Ohio Historic
Preservation Credit
This credit is granted by the Ohio Depart-
ment of Development (ODOD). To claim
the credit, you must attach a copy of the
certicate 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 certicate,
you must also include documentation show-
ing your portion of the credit. To the extent
this credit exceeds your tax liability, any
remaining balance can be carried forward
up to ve years.
Important: Due to recent law changes, if
you received an amended certicate for a
project approved after June 30, 2020 or an
original certicate issued after September
13, 2022, this credit is fully refundable and
should be reported on line 36 of the Ohio
Schedule of Credits.
For more information about the requirements
for this credit, visit development.ohio.gov,
or call 1-800-848-1300. See R.C. 5747.76(D)
and Sub. S.B. 225.
Nonrefundable Residency Credits
To determine your residency status, see
page 11 as well as tax.ohio.gov/residency.
Line 31 – Nonresident Portion of Ohio
Adjusted Gross Income
To determine the portion of your Ohio ad-
justed gross income (Ohio IT 1040, line 3)
that was not earned or received in Ohio, you
must use Ohio form IT NRC. See pages
23-26 for the IT NRC instructions.
Line 33 – Nonresident Credit
Only income earned while a nonresident
of Ohio is eligible for this credit. Full-year
Ohio residents are not entitled to this credit.
See R.C. 5747.05(A) and Ohio Adm. Code
5703-7-03.
Line 34 – Resident Credit
The credit equals the lesser of the income
taxes paid to another state or the District of
Columbia, or the portion of your Ohio tax li-
ability attributable to income taxed by another
state. Full-year nonresidents are not entitled
to this credit.
To calculate this credit, you must use form IT
RC. See page 26 for the IT RC instructions.
See R.C. 5747.05(B) and Ohio Adm. Code
5703-7-03.
Refundable Credits
If you received an Ohio IT K-1 from a pass-
through entity that includes one or more of
the credits listed in this section, include a
copy of the IT K-1 with your return.
Line 36 – Refundable Ohio Historic
Preservation Credit
This credit is granted by the Ohio Depart-
ment of Development (ODOD). To claim the
credit, you must attach a copy of the certi-
cate 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 certicate, you must also
include documentation showing your portion
of the credit.
This amount can be refunded to the extent
that it exceeds your total Ohio tax liability. If
your certicate was issued prior to September
13, 2022 and exceeds $3,000,000, your credit
must be taken as a nonrefundable credit (Ohio
Schedule of Credits, line 28).
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