Ohio § 5747.82 Tax credit for holders of commercial driver training certificate

Ohio Statutes

§ 5747.82 — Tax credit for holders of commercial driver training certificate

Ohio § 5747.82

Title 57Taxation

Ch. 5747Income Tax

This text of Ohio § 5747.82 (Tax credit for holders of commercial driver training 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. § 5747.82 (2026).

Text

There is allowed a nonrefundable credit against a taxpayer's aggregate tax liability under section5747.02of the Revised Code for a taxpayer that has been issued a tax credit certificate under section122.91of the Revised Code. The amount of the credit shall equal the credit amount stated on the certificate. The credit shall be claimed for the taxpayer's most recently concluded taxable year that ended before the issuance date stated on the certificate.

The credit shall be claimed in the order required under section5747.98of the Revised Code. Any credit amount in excess of the aggregate amount of tax due under section5747.02of the Revised Code, after allowing for any other credits preceding the credit in that order, may be carried forward for five taxable years, but the amount of the excess 

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There is allowed a nonrefundable credit against a taxpayer's aggregate tax liability under section5747.02of the Revised Code for a taxpayer that has been issued a tax credit certificate under section122.91of the Revised Code. The amount of the credit shall equal the credit amount stated on the certificate. The credit shall be claimed for the taxpayer's most recently concluded taxable year that ended before the issuance date stated on the certificate.

The credit shall be claimed in the order required under section5747.98of the Revised Code. Any credit amount in excess of the aggregate amount of tax due under section5747.02of the Revised Code, after allowing for any other credits preceding the credit in that order, may be carried forward for five taxable years, but the amount of the excess credit allowed in any such year shall be deducted from the balance carried forward to the next year.

Nothing in this section limits or disallows pass-through treatment of the credit if the credit certificate has been issued to a pass-through entity.

Last updated February 27, 2023 at 5:26 PM