Ohio § 5726.53 Tax credit for venture capital loan loss

Ohio Statutes

§ 5726.53 — Tax credit for venture capital loan loss

Ohio § 5726.53

Title 57Taxation

Ch. 5726Financial Institutions Tax

This text of Ohio § 5726.53 (Tax credit for venture capital loan loss) 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. § 5726.53 (2026).

Text

A taxpayer may claim a refundable credit  against the tax imposed by this chapter for each person included  in the annual report of the taxpayer that was issued a tax credit  certificate by the Ohio venture capital authority under section150.07of the Revised Code. The amount of the credit shall equal  the amount specified in the tax credit certificate. The credit  shall be claimed for the tax year specified in the tax credit  certificate. The taxpayer shall claim the credit in the order  required under section5726.98of the Revised Code. If the credit  amount 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.

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A taxpayer may claim a refundable credit against the tax imposed by this chapter for each person included in the annual report of the taxpayer that was issued a tax credit certificate by the Ohio venture capital authority under section150.07of the Revised Code. The amount of the credit shall equal the amount specified in the tax credit certificate. The credit shall be claimed for the tax year specified in the tax credit certificate. The taxpayer shall claim the credit in the order required under section5726.98of the Revised Code. If the credit amount 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.