Ohio § 5747.26 Lead abatement tax credit

Ohio Statutes

§ 5747.26 — Lead abatement tax credit

Ohio § 5747.26

Title 57Taxation

Ch. 5747Income Tax

This text of Ohio § 5747.26 (Lead abatement 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. § 5747.26 (2026).

Text

(A)Terms used in this section have the same meanings as in section3742.50of the Revised Code.

(B)There is hereby allowed a nonrefundable credit against a taxpayer's aggregate tax liability under section5747.02of the Revised Code for a taxpayer to whom a lead abatement tax credit certificate was issued under section3742.50of the Revised Code. The credit equals the amount listed on the certificate and shall be claimed for the taxable year in which the certificate was issued. The credit shall be claimed in the order required under section5747.98of the Revised Code. If the credit exceeds the taxpayer's aggregate tax due under section5747.02of the Revised Code for that taxable year after allowing for credits that precede the credit under this section in that order, such excess shall be allo

Free access — add to your briefcase to read the full text and ask questions with AI

(A) Terms used in this section have the same meanings as in section3742.50of the Revised Code.

(B) There is hereby allowed a nonrefundable credit against a taxpayer's aggregate tax liability under section5747.02of the Revised Code for a taxpayer to whom a lead abatement tax credit certificate was issued under section3742.50of the Revised Code. The credit equals the amount listed on the certificate and shall be claimed for the taxable year in which the certificate was issued.

The credit shall be claimed in the order required under section5747.98of the Revised Code. If the credit exceeds the taxpayer's aggregate tax due under section5747.02of the Revised Code for that taxable year after allowing for credits that precede the credit under this section in that order, such excess shall be allowed as a credit in each of the ensuing seven taxable years, but the amount of any excess credit allowed in any such taxable year shall be deducted from the balance carried forward to the ensuing taxable year.

(C) The taxpayer shall provide, upon request of the tax commissioner, any documentation necessary to verify the taxpayer is entitled to the credit under this section.