Ohio § 5747.40 Definitions relating to qualified pass-through entities

Ohio Statutes

§ 5747.40 — Definitions relating to qualified pass-through entities

Ohio § 5747.40

Title 57Taxation

Ch. 5747Income Tax

This text of Ohio § 5747.40 (Definitions relating to qualified pass-through entities) 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. § 5747.40 (2026).

Text

Any term used in sections5747.40to5747.43of the Revised Code has the same meaning as defined in section5733.40of the Revised Code.

The purpose of sections5747.40to5747.43of the Revised Code is to complement and to reinforce the tax levied under section5747.02of the Revised Code. Those sections do not apply to a pass-through entity if all of the investors of the pass-through entity are resident taxpayers for the purposes of this chapter for the entire qualifying taxable year of the pass-through entity, or to a trust if all of the beneficiaries of the trust are resident taxpayers for the purposes of this chapter for the entire qualifying taxable year of the trust, except that sections5747.42and5747.43of the Revised Code apply to all pass-through entities that elect to be subject to the tax 

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Any term used in sections5747.40to5747.43of the Revised Code has the same meaning as defined in section5733.40of the Revised Code.

The purpose of sections5747.40to5747.43of the Revised Code is to complement and to reinforce the tax levied under section5747.02of the Revised Code. Those sections do not apply to a pass-through entity if all of the investors of the pass-through entity are resident taxpayers for the purposes of this chapter for the entire qualifying taxable year of the pass-through entity, or to a trust if all of the beneficiaries of the trust are resident taxpayers for the purposes of this chapter for the entire qualifying taxable year of the trust, except that sections5747.42and5747.43of the Revised Code apply to all pass-through entities that elect to be subject to the tax levied under section5747.38of the Revised Code.

Last updated August 1, 2025 at 11:18 AM