House Bill 756, introduced earlier this month and referred to the House Ways and Means Committee, would create a new research and development tax credit that could be applied against a business’s income tax liability. Sponsored by Reps. Jack Daniels and Jim Thomas, the bill mirrors Ohio’s existing R&D credit under the Commercial Activity Tax (CAT) but would create a separate path for businesses outside the CAT structure.

The Ohio Manufacturers’ Association (OMA) generally opposes changes tied to the CAT, but this proposal does not directly amend that tax. Instead, it raises a broader question about whether Ohio should extend a similar incentive to businesses that are not subject to the CAT, while prohibiting taxpayers from claiming both credits for the same activity.

OMA is reviewing the proposal and seeking member feedback. Members who would like to share their perspective can contact Jacob Sargent, director of public policy services for the OMA. 3/25/2026