Ohio § 5726.62 Transformational mixed use development tax credit

Ohio Statutes

§ 5726.62 — Transformational mixed use development tax credit

Ohio § 5726.62

Title 57Taxation

Ch. 5726Financial Institutions Tax

This text of Ohio § 5726.62 (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. § 5726.62 (2026).

Text

A taxpayer may claim a nonrefundable credit against the tax imposed under this chapter for each person included in the annual report of the taxpayer that holds the rights to a tax credit certificate that is issued on or after the effective date of this section under section122.09of the Revised Code. The credit shall equal the dollar amount indicated on the certificate and may be claimed for the taxable year that aligns with the calendar year specified in the certificate or with the ensuing calendar year and 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 may b

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A taxpayer may claim a nonrefundable credit against the tax imposed under this chapter for each person included in the annual report of the taxpayer that holds the rights to a tax credit certificate that is issued on or after the effective date of this section under section122.09of the Revised Code. The credit shall equal the dollar amount indicated on the certificate and may be claimed for the taxable year that aligns with the calendar year specified in the certificate or with the ensuing calendar year and 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 may be carried forward for not more than five ensuing taxable 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 section5725.35,5729.18, or5747.87of the Revised Code.

Last updated August 21, 2025 at 1:53 PM