Section 5751.52 | Credit for Qualified Research and Development Loan Payments.
Effective: March 20, 2015 Latest Legislation: House Bill 494 – 130th General Assembly (A) As used in this section: (1) “Borrower” means any person that receives a loan from the director of development under section 166.21 of the Revised Code, regardless of whether the borrower is subject to the tax imposed by this chapter. (2) […]
Section 5751.53 | Credit Against Tax for Amortizable Net Operating Losses.
Effective: March 30, 2006 Latest Legislation: House Bill 530 – 126th General Assembly (A) As used in this section: (1) “Net income” and “taxable year” have the same meanings as in section 5733.04 of the Revised Code. (2) “Franchise tax year” means “tax year” as defined in section 5733.04 of the Revised Code. (3) “Deductible […]
Section 5751.54 | Tax Credit for Commercial Activities Tax.
Effective: March 27, 2013 Latest Legislation: House Bill 510 – 129th General Assembly (A) Any term used in this section has the same meaning as in section 122.85 of the Revised Code. (B) There is allowed a refundable credit against the tax imposed by section 5751.02 of the Revised Code for any person that is […]
Section 5751.98 | Order of Credits – Limitations – Excess Carried Forward.
Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly (A) To provide a uniform procedure for calculating the amount of tax due under this chapter, a taxpayer shall claim any credits to which it is entitled in the following order: The nonrefundable jobs retention credit under division (B) of section 5751.50 […]
Section 5751.99 | Penalties.
Effective: June 30, 2005 Latest Legislation: House Bill 66 – 126th General Assembly (A) Whoever files a fraudulent refund claim under section 5751.08 of the Revised Code shall be fined the greater of not more than one thousand dollars or the amount of the fraudulent refund requested or imprisoned not more than sixty days, or […]
Section 5751.42 | Integrated Supply Chains.
Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly (A) As used in this section and division (F)(2)(jj) of section 5751.01 of the Revised Code: (1) “Qualifying integrated supply chain receipts” means receipts of a qualified integrated supply chain vendor from the sale of qualified property delivered to, or integrated supply […]
Section 5751.50 | Claiming Refundable and Nonrefundable Credits.
Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly (A) For tax periods beginning on or after January 1, 2008, a refundable credit granted by the tax credit authority under section 122.17 or former division (B)(2) or (3) of section 122.171 of the Revised Code, as those divisions existed before September […]
Section 5751.51 | Credit for Qualified Research Expenses.
Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly (A) As used in this section, “qualified research expenses” has the same meaning as in section 41 of the Internal Revenue Code. (B)(1) For calendar years beginning on or after January 1, 2008, a nonrefundable credit may be claimed under this chapter […]
Section 5751.12 | Records, Federal Returns, and Federal-State Reconciliation Computations.
Effective: September 10, 2012 Latest Legislation: House Bill 508, House Bill 487 – 129th General Assembly The tax commissioner may prescribe requirements for the keeping of records and other pertinent documents, the filing of copies of federal income tax returns and determinations, and computations reconciling federal income tax returns with the returns and reports required […]
Section 5751.20 | School District Tangible Property Tax Replacement Fund.
Effective: August 16, 2016 Latest Legislation: Senate Bill 310 – 131st General Assembly No determinations, computations, certifications, or payments shall be made under this section after June 30, 2015. (A) As used in sections 5751.20 to 5751.22 of the Revised Code: (1) “School district,” “joint vocational school district,” “local taxing unit,” “recognized valuation,” “fixed-rate levy,” […]