Ohio § 5707.031 Tax credit certificate against tax on intangibles dealer

Ohio Statutes

§ 5707.031 — Tax credit certificate against tax on intangibles dealer

Ohio § 5707.031

Title 57Taxation

Ch. 5707County Taxes

This text of Ohio § 5707.031 (Tax credit certificate against tax on intangibles dealer) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 5707.031 (2026).

Text

As used in this section, "qualifying dealer  in intangibles" means a dealer in intangibles that is a qualifying  dealer in intangibles as defined in section5733.45of the Revised  Code or a member of a qualifying controlled group, as defined in  section5733.04of the Revised Code, of which an insurance company  also is a member on the first day of January of the year in and  for which the tax imposed by section5707.03of the Revised Code  is required to be paid by the dealer.

Upon the issuance of a tax credit certificate by the Ohio  venture capital authority under section150.07of the Revised  Code, a refundable credit may be claimed against the tax imposed  on a qualifying dealer in intangibles under section5707.03and  Chapter 5725. of the Revised Code. The credit shall be claimed on  a ret

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As used in this section, "qualifying dealer in intangibles" means a dealer in intangibles that is a qualifying dealer in intangibles as defined in section5733.45of the Revised Code or a member of a qualifying controlled group, as defined in section5733.04of the Revised Code, of which an insurance company also is a member on the first day of January of the year in and for which the tax imposed by section5707.03of the Revised Code is required to be paid by the dealer.

Upon the issuance of a tax credit certificate by the Ohio venture capital authority under section150.07of the Revised Code, a refundable credit may be claimed against the tax imposed on a qualifying dealer in intangibles under section5707.03and Chapter 5725. of the Revised Code. The credit shall be claimed on a return due under section5725.14of the Revised Code after the certificate is issued by the authority.