Ohio § 5726.98 Calculating tax due

Ohio Statutes

§ 5726.98 — Calculating tax due

Ohio § 5726.98

Title 57Taxation

Ch. 5726Financial Institutions Tax

This text of Ohio § 5726.98 (Calculating tax due) 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. § 5726.98 (2026).

Text

(A)To provide a uniform procedure for calculating the amount of tax due under section5726.02of the Revised Code, a taxpayer shall claim any credits to which the taxpayer is entitled under this chapter in the following order: The nonrefundable job retention credit under division (B) of section5726.50of the Revised Code; The nonrefundable credit for purchases of qualified low-income community investments under section5726.54of the Revised Code; The nonrefundable credit for transformational mixed use development tax credit certificate holders under section5726.62of the Revised Code; The nonrefundable credit for qualified research expenses under section5726.56of the Revised Code; The nonrefundable credit for qualifying dealer in intangibles taxes under section5726.57of the Revised Code;

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(A) To provide a uniform procedure for calculating the amount of tax due under section5726.02of the Revised Code, a taxpayer shall claim any credits to which the taxpayer is entitled under this chapter in the following order:

The nonrefundable job retention credit under division (B) of section5726.50of the Revised Code;

The nonrefundable credit for purchases of qualified low-income community investments under section5726.54of the Revised Code;

The nonrefundable credit for transformational mixed use development tax credit certificate holders under section5726.62of the Revised Code;

The nonrefundable credit for qualified research expenses under section5726.56of the Revised Code;

The nonrefundable credit for qualifying dealer in intangibles taxes under section5726.57of the Revised Code;

The nonrefundable Ohio low-income housing tax credit under section5726.58of the Revised Code;

The nonrefundable affordable single-family home credit under section5726.60of the Revised Code;

The nonrefundable welcome home Ohio (WHO) program credit under section122.633of the Revised Code;

The nonrefundable opportunity zone investment credit under section5726.61of the Revised Code;

The refundable credit for rehabilitating an historic building under section5726.52of the Revised Code;

The refundable job retention or job creation credit under division (A) of section5726.50of the Revised Code;

The refundable credit under section5726.53of the Revised Code for losses on loans made under the Ohio venture capital program under sections150.01to150.10of the Revised Code;

The refundable motion picture and broadway theatrical production credit under section5726.55of the Revised Code.

(B) For any credit except the refundable credits enumerated in this section, the amount of the credit for a taxable year shall not exceed the tax due after allowing for any other credit that precedes it in the order required under this section. Any excess amount of a particular credit may be carried forward if authorized under the section creating that credit. Nothing in this chapter shall be construed to allow a taxpayer to claim, directly or indirectly, a credit more than once for a taxable year.

Last updated July 23, 2025 at 4:13 PM