Ohio legislation · 136th General Assembly
Ohio HB1026: Increase and expand the research and development tax credit
Status: Introduced, October 19, 2026
To amend sections 5726.56 and 5751.51 of the Revised Code to increase and expand the research and development tax credit.
What the bill says
To amend sections 5726.56 and 5751.51 of the Revised Code to increase and expand the research and development tax credit.
From the introduced text, October 19, 2026:
To amend sections 5726.56 and 5751.51 of the Revised Code to increase and expand the research and development tax credit. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO: Section 1. That sections 5726.56 and 5751.51 of the Revised Code be amended to read as follows: Sec. 5726.56. (A) As used in this section, "qualified research expenses" has the same meaning as in section 41 of the Internal Revenue Code. (B) A taxpayer may [DELETED: claim ] apply to the tax commissioner for a nonrefundable credit against the tax imposed under this chapter. The application shall be made on forms prescribed by the commissioner. The credit shall equal [DELETED: to seven ] fourteen 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. For the purposes of this division, "qualified research expenses incurred by the taxpayer" includes the qualified research expenses incurred by all persons included in the annual report of the taxpayer and by any insurance company subject to the tax levied under section 5725.18 or Chapter 5729. of the Revised Code that has more than fifty per cent of its ownership interests …
Sponsors
- Jack Daniels (R, 32) · primary sponsor
Latest actions
- : Introduced
Common questions
- What is HB1026?
- HB1026 is a bill in the Ohio Legislature (136th General Assembly): Increase and expand the research and development tax credit.
- What does HB1026 do?
- In its own words: To amend sections 5726.56 and 5751.51 of the Revised Code to increase and expand the research and development tax credit.
- What is the status of HB1026?
- Introduced as of October 19, 2026. Latest action: Introduced (October 19, 2026).
- Who sponsored HB1026?
- Jack Daniels (R, 32).
- Where is the official record for HB1026?
- On the Ohio Legislature website: https://www.legislature.ohio.gov/legislation/136/hb1026
Source: official Ohio record. Tracked by Delilah, AI for legislation across all 50 states and Congress.