(A) To provide a uniform procedure for calculating a taxpayer's aggregate tax liability under section5747.02of the Revised Code, a taxpayer shall claim any credits to which the taxpayer is entitled in the following order:
Either the retirement income credit under division (B) of section5747.055of the Revised Code or the lump sum retirement income credits under divisions (C), (D), and (E) of that section;
Either the senior citizen credit under division (F) of section5747.055of the Revised Code or the lump sum distribution credit under division (G) of that section;
The dependent care credit under section5747.054of the Revised Code;
The credit for displaced workers who pay for job training under section5747.27of the Revised Code;
The twenty-dollar personal exemption credit under section5747.022of the Revised Code;
The joint filing credit under division (E) of section5747.05of the Revised Code;
The earned income credit under section5747.71of the Revised Code;
The nonrefundable credit for education expenses under section5747.72of the Revised Code;
The nonrefundable credit for donations to scholarship granting organizations under section5747.73of the Revised Code;
The nonrefundable credit for tuition paid to a nonchartered nonpublic school under section5747.75of the Revised Code;
The nonrefundable vocational job credit under section5747.057of the Revised Code;
The nonrefundable job retention credit under division (B) of section5747.058of the Revised Code;
The enterprise zone credit under section5709.66of the Revised Code;
The credit for beginning farmers who participate in a financial management program under division (B) of section5747.77of the Revised Code;
The credit for commercial vehicle operator training expenses under section5747.82of the Revised Code;
The nonrefundable welcome home Ohio (WHO) program credit under section122.633of the Revised Code;
The nonrefundable credit for transformational mixed use development tax credit certificate holders under section5747.87of the Revised Code;
The credit for selling or renting agricultural assets to beginning farmers under division (A) of section5747.77of the Revised Code;
The credit for purchases of qualifying grape production property under section5747.28of the Revised Code;
The small business investment credit under section5747.81of the Revised Code;
The nonrefundable lead abatement credit under section5747.26of the Revised Code;
The opportunity zone investment credit under section5747.86of the Revised Code;
The enterprise zone credits under section5709.65of the Revised Code;
The research and development credit under section5747.331of the Revised Code;
The credit for rehabilitating a historic building under section5747.76of the Revised Code;
The nonrefundable Ohio low-income housing tax credit under section5747.83of the Revised Code;
The nonrefundable affordable single-family home credit under section5747.84of the Revised Code;
The nonresident credit under division (A) of section5747.05of the Revised Code;
The credit for a resident's out-of-state income under division (B) of section5747.05of the Revised Code;
The refundable motion picture and broadway theatrical production credit under section5747.66of the Revised Code;
The refundable jobs creation credit or job retention credit under division (A) of section5747.058of the Revised Code;
The refundable credit for taxes paid by a qualifying entity granted under section5747.059of the Revised Code;
The refundable credits for taxes paid by a qualifying pass-through entity granted under division (I) of section5747.08of the Revised Code;
The refundable credit under section5747.80of the Revised Code for losses on loans made to the Ohio venture capital program under sections150.01to150.10of the Revised Code;
The refundable credit for rehabilitating a historic building under section5747.76of the Revised Code;
The refundable credit under section5747.39of the Revised Code for taxes levied under section5747.38of the Revised Code paid by an electing pass-through entity.
(B) For any credit, except the refundable credits enumerated in this section and the credit granted under division (H) of section5747.08of the Revised Code, the amount of the credit for a taxable year shall not exceed the taxpayer's aggregate amount of tax due under section5747.02of the Revised Code, after allowing for any other credit that precedes it in the order required under this section. Any excess amount of a particular credit may be carried forward if authorized under the section creating that credit. Nothing in this chapter shall be construed to allow a taxpayer to claim, directly or indirectly, a credit more than once for a taxable year.
Last updated July 22, 2025 at 12:16 PM