Ohio legislation · 136th General Assembly
Ohio HB756: Expand research, development tax credit to apply to income tax
Status: In committee, March 18, 2026
To amend sections 5747.98 and 5751.51 and to enact section 5747.88 of the Revised Code to expand a research and development tax credit to apply to the income tax.
What the bill says
To amend sections 5747.98 and 5751.51 and to enact section 5747.88 of the Revised Code to expand a research and development tax credit to apply to the income tax.
From the introduced text, March 11, 2026:
To amend sections 5747.98 and 5751.51 and to enact section 5747.88 of the Revised Code to expand a research and development tax credit to apply to the income tax. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO: Section 1. That sections 5747.98 and 5751.51 be amended and section 5747.88 of the Revised Code be enacted to read as follows: Sec. 5747.88. (A) As used in this section, "qualified research expenses" has the same meaning as in section 41 of the Internal Revenue Code. (B) There is allowed a nonrefundable credit against a taxpayer's aggregate tax liability under section 5747.02 of the Revised Code equal to seven per cent of the excess of (1) the qualified research expenses incurred by the taxpayer in this state in a taxable year over (2) the average annual qualified research expenses incurred by the taxpayer in this state in the three previous taxable years. (C) A taxpayer shall claim the credit allowed under this section in the order prescribed by section 5747.98 of the Revised Code. If the amount of the credit exceeds the amount of tax otherwise due after deducting all other credits preceding the credit in the order prescribed in section 5747.98 of the Revised Code, the excess may be carried forward for not more than seven ensuing taxable …
Sponsors
- Jack Daniels (R, 32) · primary sponsor
- Jim Thomas (R, 49) · primary sponsor
Latest actions
- : Referred to committee
- : Introduced
Subjects: Taxation, Economic Development
Common questions
- What is HB756?
- HB756 is a bill in the Ohio Legislature (136th General Assembly): Expand research, development tax credit to apply to income tax.
- What does HB756 do?
- In its own words: To amend sections 5747.98 and 5751.51 and to enact section 5747.88 of the Revised Code to expand a research and development tax credit to apply to the income tax.
- What is the status of HB756?
- In committee as of March 18, 2026. Latest action: Referred to committee (March 18, 2026).
- Who sponsored HB756?
- Jack Daniels (R, 32), with 1 co-sponsor.
- Where is the official record for HB756?
- On the Ohio Legislature website: https://www.legislature.ohio.gov/legislation/136/hb756
Source: official Ohio record. Tracked by Delilah, AI for legislation across all 50 states and Congress.