Ohio § 5749.11 Nonrefundable severance credit tax credit for owner of RC 1513.171 certificate

Ohio Statutes

§ 5749.11 — Nonrefundable severance credit tax credit for owner of RC 1513.171 certificate

Ohio § 5749.11

Title 57Taxation

Ch. 5749Severance Tax

This text of Ohio § 5749.11 (Nonrefundable severance credit tax credit for owner of RC 1513.171 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. § 5749.11 (2026).

Text

(A)There is hereby allowed a nonrefundable credit against the taxes imposed under division (A)(8) of section5749.02of the Revised Code for any severer to which a reclamation tax credit certificate is issued under section1513.171of the Revised Code. The credit shall be claimed in the amount shown on the certificate. The credit shall be claimed by deducting the amount of the credit from the amount of the first tax payment due under section5749.06of the Revised Code after the certificate is issued. If the amount of the credit shown on a certificate exceeds the amount of the tax otherwise due with that first payment, the excess shall be claimed against the amount of tax otherwise due on succeeding payment dates until the entire credit amount has been deducted. The total amount of credit clai

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(A) There is hereby allowed a nonrefundable credit against the taxes imposed under division (A)(8) of section5749.02of the Revised Code for any severer to which a reclamation tax credit certificate is issued under section1513.171of the Revised Code. The credit shall be claimed in the amount shown on the certificate. The credit shall be claimed by deducting the amount of the credit from the amount of the first tax payment due under section5749.06of the Revised Code after the certificate is issued.

If the amount of the credit shown on a certificate exceeds the amount of the tax otherwise due with that first payment, the excess shall be claimed against the amount of tax otherwise due on succeeding payment dates until the entire credit amount has been deducted. The total amount of credit claimed against payments shall not exceed the total amount of credit shown on the certificate.

(B) A severer claiming a credit under this section shall retain a reclamation tax credit certificate for not less than four years following the date of the last tax payment against which the credit allowed under that certificate was applied. Severers shall make tax credit certificates available for inspection by the tax commissioner upon the tax commissioner's request.