Ohio § 5733.59 Credit against tax for any corporation that is the certificate owner of a tax credit certificate

Ohio Statutes

§ 5733.59 — Credit against tax for any corporation that is the certificate owner of a tax credit certificate

Ohio § 5733.59

Title 57Taxation

Ch. 5733Corporation Franchise Tax

This text of Ohio § 5733.59 (Credit against tax for any corporation that is the certificate owner of a tax credit certificate) 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. § 5733.59 (2026).

Text

(A)Any term used in this section has the same meaning as in section122.85of the Revised Code.

(B)There is allowed a credit against the tax imposed by section5733.06of the Revised Code for any corporation that is the certificate owner of a tax credit certificate issued under section122.85of the Revised Code. The credit shall be claimed for the taxable year in which the certificate is issued by the director of development. The credit amount equals the amount stated in the certificate. The credit shall be claimed in the order required under section5733.98of the Revised Code. If the credit amount exceeds the tax otherwise due under section5733.06of the Revised Code after deducting all other credits in that order, the excess shall be refunded.

(C)If, pursuant to division (G) of s

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(A) Any term used in this section has the same meaning as in section122.85of the Revised Code.

(B) There is allowed a credit against the tax imposed by section5733.06of the Revised Code for any corporation that is the certificate owner of a tax credit certificate issued under section122.85of the Revised Code. The credit shall be claimed for the taxable year in which the certificate is issued by the director of development. The credit amount equals the amount stated in the certificate. The credit shall be claimed in the order required under section5733.98of the Revised Code. If the credit amount exceeds the tax otherwise due under section5733.06of the Revised Code after deducting all other credits in that order, the excess shall be refunded.

(C) If, pursuant to division (G) of section5733.01of the Revised Code, the corporation is not required to pay tax under this chapter, the corporation may file an annual report under section5733.02of the Revised Code and claim the credit authorized by this section. Nothing in this section allows a corporation to claim more than one credit per tax credit-eligible production.