Ohio tax exemptions

Below find a list of tax exemptions in Ohio as of January 2013 and what they mean financially in a four-year period. (Amounts in millions.)

Tax	FY 2012	FY 2013	FY 2014	FY 2015
Sales & Use Tax
Exempt entities
1.01 Sales to churches and certain other non-profits organizations	$397.4	$409.3	$432.7	$445.7
1.02 Sales to the state, any of its political subdivisions, and to certain other states	$134.5	$136.8	$139.1	$141.4
1.03 Sales by churches and certain types of non-profit organizations	$31.9	$33.6	$35.5	$37.5
Exemption for property and services used or consumed to produce a product
1.04 Tangible personal property used primarily in manufacturing tangible personal property	$1,660.8	$1,728.3	$1,796.9	$1,879.0
1.05 Packaging and packaging equipment	$238.2	$246.2	$261.6	$272.5
1.06 Sales of tangible personal property and services to electricity providers	$399.8	$420.3	$441.9	$464.6
1.07 Tangible personal property used or consumed in agriculture and mining	$272.1	$289.3	$316.7	$320.5
1.08 Tangible personal property used to produce printed materials	$32.5	$32.8	$33.1	$33.3
1.09 Tangible personal property used in storing, preparing and serving food	$19.9	$20.4	$20.9	$21.5
1.10 Tangible personal property used in preparing eggs for sale	$2.3	$2.5	$2.7	$2.9
Exemption based on specified use of property or service
1.11 Building and construction materials and services used in certain structures	$185.7	$189.4	$193.2	$197.1
1.12 Tangible personal property used directly in providing public utility services	$116.7	$116.7	$116.7	$116.7
1.13 Property used to fulfill a warranty or service contract	$43.7	$44.2	$45.8	$46.2
1.14 Motor vehicles sold in Ohio for use outside the state	$41.4	$42.2	$45.4	$47.4
1.15 Tangible personal property used in research and development	$22.3	$23.0	$23.7	$24.3
1.16 Tangible personal property and services used in providing telecommunications and satellite broadcasting services	$96.5	$97.6	$98.7	$99.8
1.17 Qualified tangible personal property used in making retail sales	$42.7	$44.0	$45.3	$46.9
1.18 Property used in transportation for hire	$37.0	$40.0	$42.3	$43.2
1.19 Qualified call center exemption	$29.6	$30.1	$31.0	$32.2
1.20 Copyrighted motion pictures and films	$8.1	$8.3	$8.7	$8.9
1.21 Equipment used in private warehouses and distribution centers with inventory primarily shipped out of state	$2.5	$2.5	$2.5	$2.5
1.22 Drugs distributed to physicians as free samples	$14.3	$14.8	$15.3	$15.8
1.23 Property used in air, noise, or water pollution control	$19.5	$19.5	$19.5	$19.5
1.24 Emergency and fire protection vehicles and equipment	$1.0	$1.0	$1.0	$1.0
1.25 Tangible personal property used in electronic publishing	$5.4	$5.6	$5.8	$6.0
1.26 Property & services used in constructing a qualifying convention center	$2.0	$2.0	$1.5	minimal
1.27 Prescription drugs and selected medical items	$414.6	$436.2	$482.9	$516.7
1.28 Transportation of persons and property	$120.9	$125.9	$130.4	$135.2
1.29 Newspapers	$17.4	$17.1	$17.1	$17.1
1.30 Magazine subscriptions	$8.1	$8.1	$8.3	$8.3
1.31 Artificial limbs, prostheses, wheelchairs and other durable medical equipment	$25.8	$27.2	$28.7	$30.4
1.32 Sales of used manufactured and mobile homes	$2.7	$2.8	$3.0	$3.2
1.33 An $800 tax cap on qualified fractionally-owned aircraft	$1.0	$1.0	$1.0	$1.0
1.34 Sales of materials and services for maintenance and repair of aircraft	$3.8	$3.9	$3.9	$4.0
1.35 Flight simulators	$1.5	$1.5	$1.5	$1.5
Miscellaneous
1.36 Value of motor vehicle trade-ins	$142.7	$146.1	$153.3	$160.5
1.37 Discount for vendors	$51.9	$53.6	$54.3	$56.9
1.38 Food sold to students on school premises	$18.5	$19.3	$19.8	$20.2
1.39 Value of watercraft trade-ins	$1.5	$1.6	$1.7	$1.8
Tax expenditures with revenue impact below $1 million
1.40 Equipment used in an eligible computer data center	minimal	minimal	minimal	minimal
1.41 Sales to non-commercial, educational broadcast stations	minimal	minimal	minimal	minimal
1.42 Sales to veterans’ headquarters	minimal	minimal	minimal	minimal
1.43 Sales to facilities financed with public hospital bonds	minimal	minimal	minimal	minimal
1.44 Sales of animals by non-profit animal shelters	minimal	minimal	minimal	minimal
1.45 Agricultural property (use on use)	minimal	minimal	minimal	minimal
1.46 Agricultural land tile and portable grain bins	minimal	minimal	minimal	minimal
1.47 Tangible personal property used or consumed in commercial fishing	minimal	minimal	minimal	minimal
1.48 Ships and rail rolling stock used in interstate or foreign commerce	minimal	minimal	minimal	minimal
1.49 Sales of property for use in non-profit presentations of music, dramatics, the arts, and related fields	minimal	minimal	minimal	minimal
1.50 Property for use in a retail business outside Ohio	minimal	minimal	minimal	minimal
1.51 Property used in energy or waste conversion facilities	minimal	minimal	minimal	minimal
1.52 Sales of computers and computer equipment to certified teachers	minimal	minimal	minimal	minimal
1.53 Sales of qualified tangible personal property to qualified motor racing teams	minimal	minimal	minimal	minimal
1.54 Sales of tangible personal property and services for maintenance and repair of qualified fractionally-owned aircraft.	minimal	minimal	minimal	minimal
1.55 Bulk water for residential use	minimal	minimal	minimal	minimal
1.56 Refundable deposits on beverage containers	minimal	minimal	minimal	minimal
1.57 A 25 percent refund for tangible personal property used by electronic information service providers	minimal	minimal	minimal	minimal
Total Sales & Use Tax	$4,668.2	$4,844.7	$5,083.4	$5,283.2
Individual Income Tax
Exemptions, exclusions and deductions
2.01 Personal, spousal, and dependent exemption	$581.9	$585.4	$591.2	$597.1
2.02 Social security and railroad retirement benefits	$292.6	$298.3	$318.0	$333.9
2.03 Deduction for taxpayers not eligible for employer sponsored medical plan	$19.5	$20.6	$22.2	$24.6
2.04 Exemption for disability income	$31.6	$32.7	$34.8	$36.0
2.05 Exemption for active-duty military income	$22.9	$25.2	$28.4	$31.3
2.06 Deduction for excess medical expenses	$65.0	$67.0	$70.8	$74.3
2.07 Exemption for pre-1972 trusts	$9.6	$10.3	$11.1	$11.6
2.08 Deduction for long-term care insurance premiums	$14.5	$15.2	$16.4	$17.2
2.09 Deduction for contributions to college savings programs	$10.2	$10.5	$11.1	$11.5
2.10 Deduction for contributions to medical savings accounts	$1.0	$1.0	$1.0	$1.1
2.11 Exemption for military retirement income	$28.8	$29.9	$31.8	$33.0
2.12 Deduction for health insurance coverage of qualifying adult children and other dependents	$3.4	$3.5	$3.7	$3.8
2.13 Gambling loss deduction	$0.0	$0.0	$29.0	$29.0
2.14 Deduction for Pell and Ohio College Opportunity grants	$2.4	$2.6	$3.0	$3.2
Non-business tax credits
2.15 Joint filer credit	$219.9	$227.5	$238.0	$245.7
2.16 A $20 personal exemption credit	$164.7	$165.7	$166.7	$167.7
2.17 Retirement income credit	$137.8	$141.5	$145.3	$149.2
2.18 Resident credit for income taxed by another state	$135.3	$144.2	$153.8	$163.9
2.19 A $50 credit for taxpayers aged 65 years or older	$31.7	$32.3	$33.0	$33.7
2.20 Credit for taxpayers with income below $10,000	$10.3	$10.0	$9.5	$9.1
2.21 Dependent care credit	$7.7	$7.9	$5.9	$6.0
2.22 Campaign contribution credit	$4.5	$4.9	$4.8	$5.2
2.23 Lump sum retirement income credit	$2.2	$2.3	$2.4	$2.6
2.24 Displaced worker job training credit	$0.9	$1.0	$1.1	$1.2
2.25 Credit for adoption related expenses	$2.0	$2.0	$2.0	$2.1
Business Tax Credits
2.26 Historic structure rehabilitation credit	$27.0	$30.1	$60.6	$77.8
2.27 Technology investment tax credit	$3.9	$3.8	$1.4	$0.0
2.28 Motion picture tax credit	$20.3	$19.3	$19.3	$19.3
2.29 Small business investment credit	$0.0	$0.0	$32.1	$20.2
Tax expenditures with revenue impact below $1 million
2.30 Lump sum distribution credit	minimal	minimal	minimal	minimal
2.31 Deduction for organ donation expenses	minimal	minimal	minimal	minimal
2.32 Enterprise zone day care/training credit	minimal	minimal	minimal	minimal
2.33 Enterprise zone employee credit	minimal	minimal	minimal	minimal
2.34 Grape production credit	minimal	minimal	minimal	minimal
2.35 Ethanol plant investment credit	minimal	minimal	minimal	minimal
2.36 Credit for financial institution tax	minimal	minimal	minimal	minimal
Total Individual Income Tax	$1,851.6	$1,894.7	$2,048.4	$2,111.3
Financial Institutions Tax
3.01 Credit for financial institution investment in a dealer in intangibles	$5.8	$5.8	$5.8	$0.0
3.02 Assessments paid to division of financial institutions	$0.0	$0.0	$4.8	$4.8
3.03 New markets tax credit	$0.0	$1.8	$3.6	$5.5
Total Financial Institutions Tax	$5.8	$7.6	$14.2	$10.3
Commercial Activity Tax
Exclusions and deductions
4.01 Exclusion of first $1 million of taxable gross receipts	$209.7	$213.9	$218.2	$222.6
4.02 State and federal fuel excise tax exclusion	$32.4	$32.3	$32.3	$32.2
4.03 Qualified distribution center receipts exclusion	$77.5	$81.4	$85.4	$89.7
4.04 State and federal cigarette excise tax exclusion	$7.5	$7.2	$6.9	$6.6
4.05 Exclusion of real estate brokerage gross receipts that are not retained	$1.2	$1.3	$1.4	$1.5
4.06 State and federal alcoholic beverage tax exclusion	$2.0	$2.0	$2.0	$2.0
4.07 Professional employer organization exclusion	$2.4	$2.5	$2.6	$2.7
4.08 Motor vehicle transfer exclusion	$1.7	$1.8	$1.8	$1.9
4.09 Exchanges of petroleum without monetary compensation	$7.5	$7.8	$8.1	$8.5
Tax Credits
4.10 Credit for increased qualified research and development expenses	$9.4	$9.9	$10.5	$11.1
4.11 Job creation credit	$38.0	$38.7	$39.7	$40.7
4.12 Job retention tax credit	$8.3	$12.6	$12.9	$13.2
4.13 Credit for net operating loss carryforwards and other deferred tax assets	$5.5	$5.5	$5.5	$5.5
4.14 Research and development loan program credit	minimal	minimal	minimal	minimal
4.15 Exemption for pre-1972 trusts	minimal	minimal	minimal	minimal
4.16 Anti-neoplastic drug exclusion	minimal	minimal	minimal	minimal
4.17 Horse racing taxes and purse exclusion	minimal	minimal	minimal	minimal
4.18 Qualifying uranium enrichment zone exclusion	minimal	minimal	minimal	minimal
4.19 Exclusion of certain services to financial institutions	minimal	minimal	minimal	minimal
Total Commercial Activity Tax	$403.1	$416.9	$427.3	$438.2
Public Utility Excise Tax
5.01 Exemption for municipal utilities and non-profit waterworks	$72.2	$73.5	$75.4	$77.2
5.02 Credit for certain natural gas companies	$8.3	$8.3	$8.3	$8.3
5.03 A $25,000 exemption from gross receipts for each public utility company	minimal	minimal	minimal	minimal
5.04 Sales to other public utilities for resale	minimal	minimal	minimal	minimal
Total Public Utility Excise Tax	$80.5	$81.8	$83.7	$85.5
Kilowatt Hour Tax
6.01 Exemption for qualified end-users	$2.7	$2.4	$2.4	$2.4
Total Kilowatt Hour Tax	$2.7	$2.4	$2.4	$2.4
Insurance Premium Taxes
7.01 Deduction for premiums received from qualified small business alliances	$21.7	$26.0	$29.0	$34.0
7.02 Credit for small insurers	$2.3	$2.2	$2.1	$2.0
7.03 Ohio Life and Health Guaranty Association contribution credit	$1.3	$1.3	$1.0	$1.0
Total Insurance Premium Taxes	$25.3	$29.5	$32.1	$37.0
Cigarette and Other Tobacco Products Taxes
8.01 Discount for cigarette tax stamps	$14.0	$13.5	$13.0	$12.6
8.02 Discount for timely payment of other tobacco products' excise tax	$1.3	$1.5	$1.6	$1.7
Total Cigarette and Other Tobacco Products Taxes	$15.0	$15.0	$14.6	$14.3
Alcoholic Beverage Tax
9.01 Advanced payment credit/discount	$1.5	$1.5	$1.5	$1.5
9.02 Sacramental wine exemption	minimal	minimal	minimal	minimal
9.03 Small brewer's credit	minimal	minimal	minimal	minimal
9.04 Small wine producer's exemption	minimal	minimal	minimal	minimal
Total Alcoholic Beverage Tax	$1.5	$1.5	$1.5	$1.5