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Corporate Franchise Tax Tables
Refundable and Nonrefundable Tax Credits Claimed, Tax Year 2003
The attached corporate franchise tax table was created as a supplement to the CF1-5 tax data series for tax year 2003. 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 2003; there were 255 corporate franchise taxpayers claiming this credit, amounting to $34.3 million.
The nonrefundable tax credits shown include the manufacturing investment credit, the Ohio coal credit for electric companies, the export sales credit and other miscellaneous credits (see the table for a complete list). There were 3,086 nonrefundable credits claimed amounting to $137.7 million.
The data shown on these tables were compiled from returns filed for tax year 2003 with the Ohio Department of Taxation.
