Effective: September 23, 2022 Latest Legislation: Senate Bill 246, House Bill 515 – 134th General Assembly Except as otherwise expressly provided or clearly appearing from the context, any term used in this chapter that is not otherwise defined in this section has the same meaning as when used in a comparable context in the laws […]
Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly (A) As used in this section: (1) “Qualifying closely-held C corporation” means a person classified for federal income tax purposes as an association taxed as a corporation and that has more than fifty per cent of the value of its outstanding stock […]
Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly This section applies for the purposes of divisions (AA)(3) and (4)(a)(ii) of section 5747.01 of the Revised Code. (A) As used in this section: (1)(a) Except as set forth in division (A)(1)(b) of this section, “qualifying investment income” means the portion of […]
Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly (A) As used in this section: (1) “Electric company,” “combined company,” and “telephone company” have the same meanings as in section 5727.01 of the Revised Code. (2) “Qualified research” means laboratory research, experimental research, and other similar types of research; research in […]
Effective: March 23, 2022 Latest Legislation: House Bill 29 – 134th General Assembly (A) For the purpose of providing revenue for the support of schools and local government functions, to provide relief to property taxpayers, to provide revenue for the general revenue fund, and to meet the expenses of administering the tax levied by this […]
Effective: November 15, 1981 Latest Legislation: House Bill 694 – 114th General Assembly In addition to the tax levied under section 5747.02 of the Revised Code, the tax commissioner shall charge the tax imposed on the school district income of an individual or estate by a school district under Chapter 5748. of the Revised Code […]
Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly An individual subject to the tax imposed by section 5747.02 of the Revised Code whose modified adjusted gross income, less applicable exemptions under section 5747.025 of the Revised Code, for the taxable year as shown on an individual or joint annual return […]
Effective: April 17, 1991 Latest Legislation: Senate Bill 3 – 119th General Assembly (A) Any individual who dies while in active service as a member of the armed forces of the United States, if such death occurred while serving in a combat zone or as a result of wounds, disease, or injury incurred while so […]
Effective: April 17, 1991 Latest Legislation: Senate Bill 3 – 119th General Assembly Military pay and allowances received by members of the armed forces of the United States (as defined in Internal Revenue Code section 7701) which, pursuant to Internal Revenue Code section 112, is not included in gross income (as defined in Internal Revenue […]
Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly (A) The personal exemption for the taxpayer, the taxpayer’s spouse, and each dependent shall be one of the following amounts: (1) Two thousand three hundred fifty dollars if the taxpayer’s modified adjusted gross income for the taxable year as shown on an […]
Effective: June 2, 2005 Latest Legislation: House Bill 2 – 126th General Assembly (A) For taxable years beginning on or after January 1, 2002, each member of the national guard and each member of a reserve component of the armed forces of the United States called to active duty pursuant to an executive order issued […]
Effective: June 14, 2022 Latest Legislation: Senate Bill 246 – 134th General Assembly (A)(1) All money collected under this chapter arising from the taxes imposed by section 5747.02, 5747.38, or 5747.41 of the Revised Code shall be credited to the general revenue fund and distributed pursuant to division (F) of section 321.24 and section 323.156 […]
Effective: September 29, 2017 Latest Legislation: House Bill 49 – 132nd General Assembly For annual returns filed for taxable years beginning on or after January 1, 2017, the department of taxation shall determine and provide to the office of budget and management a report of the tax liability, before the application of any credits, under […]
Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly All reports, returns, and payments required of a taxpayer or employer by this chapter, except payments by electronic funds transfer as required under section 5747.072 of the Revised Code, shall be filed with the tax commissioner. Upon receipt by the commissioner of […]
Effective: September 30, 2021 Latest Legislation: House Bill 110 – 134th General Assembly As used in this section, “income tax” includes both a tax on net income and a tax measured by net income. The following credits shall be allowed against the aggregate income tax liability imposed by section 5747.02 of the Revised Code on […]
Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly In addition to all other credits allowed by this chapter, a credit shall be allowed against a taxpayer’s aggregate tax liability under section 5747.02 of the Revised Code for taxpayers with modified adjusted gross income of less than forty thousand dollars. The […]
Effective: October 17, 2019 Latest Legislation: House Bill 166 – 133rd General Assembly (A) As used in this section “retirement income” means retirement benefits, annuities, or distributions that are made from or pursuant to a pension, retirement, or profit-sharing plan and that: (1) In the case of an individual, are received by the individual on […]
Effective: September 23, 2022 Latest Legislation: House Bill 583 – 134th General Assembly (A) As used in this section: (1) “Eligible employee” means an employee who is nineteen years of age or younger and enrolled in a career-technical education program approved under section 3317.161 of the Revised Code. (2) “Eligible compensation” means compensation paid on […]
Effective: March 27, 2020 Latest Legislation: House Bill 197 – 133rd General Assembly (A) A refundable income tax 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 the effective date of the amendment of this section […]
Effective: February 15, 2016 Latest Legislation: Senate Bill 208 – 131st General Assembly (A) This section applies only to reduce a taxpayer’s aggregate tax liability under section 5747.02 of the Revised Code. (B) There is hereby allowed a refundable credit against a taxpayer’s aggregate tax liability under section 5747.02 of the Revised Code. This credit […]
