Section 5753.021 | Tax Levied on Sports Gaming.
Effective: March 23, 2022 Latest Legislation: House Bill 29 – 134th General Assembly For the purposes of funding the education needs of this state, funding interscholastic athletics and other extracurricular activities for youth, funding efforts to alleviate problem sports gaming, and defraying the costs of enforcing and administering the law governing sports gaming and the […]
Section 5753.03 | Funds Created.
Effective: March 23, 2022 Latest Legislation: House Bill 29 – 134th General Assembly (A) For the purpose of receiving and distributing, and accounting for, revenue received from the tax levied by section 5753.02 of the Revised Code, the following funds are created in the state treasury: (1) The casino tax revenue fund; (2) The gross […]
Section 5753.031 | Distribution of Sports Gaming Tax Revenue.
Effective: March 23, 2022 Latest Legislation: House Bill 29 – 134th General Assembly (A) For the purpose of receiving and distributing, and accounting for, revenue received from the tax levied by section 5753.021 of the Revised Code and from fines imposed under Chapter 3775. of the Revised Code, the following funds are created in the […]
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 5753.01 | Definitions.
Effective: September 23, 2022 Latest Legislation: House Bill 515 – 134th General Assembly As used in Chapter 5753. of the Revised Code and for no other purpose under Title LVII of the Revised Code: (A) “Casino facility” has the same meaning as in section 3772.01 of the Revised Code. (B) “Casino gaming” has the same […]
Section 5753.02 | Tax Levied on Casino Revenue.
Effective: September 10, 2010 Latest Legislation: House Bill 519 – 128th General Assembly For the purpose of funding the needs of cities, counties, public school districts, law enforcement, and the horse racing industry; funding efforts to alleviate problem gambling and substance abuse; defraying Ohio casino control commission operating costs; and defraying the costs of administering […]