Ohio § 1731.08 Premiums fully deductible

Ohio Statutes

§ 1731.08 — Premiums fully deductible

Ohio § 1731.08

Title 17Corporations-Partnerships

Ch. 1731Small Employer Health Care Alliances

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Bluebook

Ohio Rev. Code Ann. § 1731.08 (2026).

Text

The premiums or other charges paid by an enrolled small employer to an insurer for health benefit plan coverage under a qualified alliance program are fully deductible in determining taxes payable by such small employer in this state on or measured by net income. Without limiting the foregoing:

(A)With respect to such a small employer that is subject to the income tax imposed by section5747.02of the Revised Code, such premiums are to be deducted in determining adjusted gross income under division (A) of section5747.01of the Revised Code to the extent such premiums are not allowable as a deduction in determining adjusted gross income for federal income tax purposes.

(B)With respect to such a small employer that is subject to the corporation franchise tax imposed by section5733.06of the

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The premiums or other charges paid by an enrolled small employer to an insurer for health benefit plan coverage under a qualified alliance program are fully deductible in determining taxes payable by such small employer in this state on or measured by net income. Without limiting the foregoing:

(A) With respect to such a small employer that is subject to the income tax imposed by section5747.02of the Revised Code, such premiums are to be deducted in determining adjusted gross income under division (A) of section5747.01of the Revised Code to the extent such premiums are not allowable as a deduction in determining adjusted gross income for federal income tax purposes.

(B) With respect to such a small employer that is subject to the corporation franchise tax imposed by section5733.06of the Revised Code, such premiums are to be deducted in determining the small employer's net income under division (B) of section5733.05of the Revised Code to the extent such premiums are not allowable as a deduction in determining taxable income for federal income tax purposes.

(C) With respect to such a small employer that is subject to any income tax levied by a political subdivision or taxing district in this state, such premiums are to be deducted from taxable income or earnings to the extent not otherwise deductible in determining the amount of the tax.