Ohio § 5725.35 Transformational mixed use development tax credit

Ohio Statutes

§ 5725.35 — Transformational mixed use development tax credit

Ohio § 5725.35

Title 57Taxation

Ch. 5725Financial Institutions; Dealers In Intangibles; Insurance Companies

This text of Ohio § 5725.35 (Transformational mixed use development tax credit) 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. § 5725.35 (2026).

Text

There is allowed a credit against the tax imposed by section5725.18of the Revised Code for an insurance company subject to that tax that holds the rights to a tax credit certificate issued under section122.09of the Revised Code. The credit shall equal the dollar amount indicated on the certificate. The credit shall be claimed in the calendar year specified in the certificate or the ensuing calendar year and in the order required under section5725.98of the Revised Code. If the credit exceeds the amount of tax otherwise due in that year, the company may carry forward the excess for not more than five ensuing years, but the amount of the excess credit claimed against the tax for any year shall be deducted from the balance carried forward to the next year.

No credit shall be claimed under thi

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There is allowed a credit against the tax imposed by section5725.18of the Revised Code for an insurance company subject to that tax that holds the rights to a tax credit certificate issued under section122.09of the Revised Code. The credit shall equal the dollar amount indicated on the certificate. The credit shall be claimed in the calendar year specified in the certificate or the ensuing calendar year and in the order required under section5725.98of the Revised Code. If the credit exceeds the amount of tax otherwise due in that year, the company may carry forward the excess for not more than five ensuing years, but the amount of the excess credit claimed against the tax for any year shall be deducted from the balance carried forward to the next year.

No credit shall be claimed under this section to the extent the certificate was used to claim a credit under section5726.62,5729.18, or5747.87of the Revised Code.

Last updated July 23, 2025 at 4:06 PM