Ohio § 5726.50 Tax credits for job creation

Ohio Statutes

§ 5726.50 — Tax credits for job creation

Ohio § 5726.50

Title 57Taxation

Ch. 5726Financial Institutions Tax

This text of Ohio § 5726.50 (Tax credits for job creation) 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. § 5726.50 (2026).

Text

(A)A taxpayer may claim a refundable tax credit against the tax imposed under this chapter for each person included in the annual report of the taxpayer that is granted a credit by the tax credit authority under section122.17or former division (B)(2) or (3) of section122.171of the Revised Code as those divisions existed before September 29, 2015. Such a credit shall not be claimed for any tax year following the calendar year in which a relocation of employment positions occurs in violation of an agreement entered into under section122.17or122.171of the Revised Code. For the purpose of making tax payments under this chapter, taxes equal to the amount of the refundable credit shall be considered to be paid on the first day of the tax year.

(B)A taxpayer may claim a nonrefundable tax credi

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(A) A taxpayer may claim a refundable tax credit against the tax imposed under this chapter for each person included in the annual report of the taxpayer that is granted a credit by the tax credit authority under section122.17or former division (B)(2) or (3) of section122.171of the Revised Code as those divisions existed before September 29, 2015. Such a credit shall not be claimed for any tax year following the calendar year in which a relocation of employment positions occurs in violation of an agreement entered into under section122.17or122.171of the Revised Code. For the purpose of making tax payments under this chapter, taxes equal to the amount of the refundable credit shall be considered to be paid on the first day of the tax year.

(B) A taxpayer may claim a nonrefundable tax credit against the tax imposed under this chapter for each person included in the annual report of the taxpayer that is granted a nonrefundable credit by the tax credit authority under division (B) of section122.171of the Revised Code. A taxpayer may claim against the tax imposed by this chapter any unused portion of the credits authorized under division (B) of section5733.0610of the Revised Code.

(C) The credits authorized in divisions (A) and (B) of this section shall be claimed in the order required under section5726.98of the Revised Code. If the amount of a credit authorized in division (A) of this section exceeds the tax otherwise due under section5726.02of the Revised Code after deducting all other credits preceding the credit in the order prescribed in section5726.98of the Revised Code, the excess shall be refunded to the taxpayer.