Ohio § 5733.064 Credit for recycling and litter prevention program donations

Ohio Statutes

§ 5733.064 — Credit for recycling and litter prevention program donations

Ohio § 5733.064

Title 57Taxation

Ch. 5733Corporation Franchise Tax

This text of Ohio § 5733.064 (Credit for recycling and litter prevention program donations) 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. § 5733.064 (2026).

Text

There is hereby allowed a credit against the  tax imposed under sections5733.06,5733.065, and5733.066of the  Revised Code. The credit shall equal the lesser of fifty per cent  of any cash donations made during the taxable year by the taxpayer  to an Ohio corporation organized prior to January 1, 1987, whose  sole purpose is to promote and encourage recycling and that has  been determined by the internal revenue service to be a nonprofit  corporation regardless of whether the nonprofit corporation  received a grant under section3736.05of the Revised Code, or to  municipal corporations, counties, townships, park districts, and  boards of education that received grants pursuant to that section,  or one-half of the amount of the taxpayer's additional tax  liability for the tax year resulting f

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There is hereby allowed a credit against the tax imposed under sections5733.06,5733.065, and5733.066of the Revised Code. The credit shall equal the lesser of fifty per cent of any cash donations made during the taxable year by the taxpayer to an Ohio corporation organized prior to January 1, 1987, whose sole purpose is to promote and encourage recycling and that has been determined by the internal revenue service to be a nonprofit corporation regardless of whether the nonprofit corporation received a grant under section3736.05of the Revised Code, or to municipal corporations, counties, townships, park districts, and boards of education that received grants pursuant to that section, or one-half of the amount of the taxpayer's additional tax liability for the tax year resulting from the additional rates imposed by sections5733.065and5733.066of the Revised Code to provide funding for recycling and litter prevention under Chapter 3736. of the Revised Code. The taxpayer shall claim the nonrefundable credit in the order required under section5733.98of the Revised Code.

The tax commissioner may require the taxpayer to furnish such information as is necessary to support a claim for a credit under this section, and no credit shall be allowed unless the information is provided.