Ohio § 5751.50 Claiming refundable and nonrefundable credits

Ohio Statutes

§ 5751.50 — Claiming refundable and nonrefundable credits

Ohio § 5751.50

Title 57Taxation

Ch. 5751Commercial Activity Tax

This text of Ohio § 5751.50 (Claiming refundable and nonrefundable credits) 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. § 5751.50 (2026).

Text

(A)For tax periods beginning on or after January 1, 2008, a refundable credit granted by the tax credit authority under section122.17or former division (B)(2) or (3) of section122.171of the Revised Code, as those divisions existed before September 29, 2015, the effective date of the amendment of this section by H.B. 64 of the 131st general assembly, may be claimed under this chapter in the order required under section5751.98of the Revised Code. For purposes of making tax payments under this chapter, taxes equal to the amount of the refundable credit shall be considered to be paid to this state on the first day of the tax period. A credit claimed in calendar year 2008 may not be applied against the tax otherwise due for a tax period beginning before July 1, 2008. The refundable credit sh

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(A) For tax periods beginning on or after January 1, 2008, a refundable credit granted by the tax credit authority under section122.17or former division (B)(2) or (3) of section122.171of the Revised Code, as those divisions existed before September 29, 2015, the effective date of the amendment of this section by H.B. 64 of the 131st general assembly, may be claimed under this chapter in the order required under section5751.98of the Revised Code. For purposes of making tax payments under this chapter, taxes equal to the amount of the refundable credit shall be considered to be paid to this state on the first day of the tax period. A credit claimed in calendar year 2008 may not be applied against the tax otherwise due for a tax period beginning before July 1, 2008. The refundable credit shall not be claimed against the tax otherwise due for any tax period beginning after the date on which a relocation of employment positions occurs in violation of an agreement entered into under section122.17or122.171of the Revised Code.

(B) For tax periods beginning on or after January 1, 2008, a nonrefundable credit granted by the tax credit authority under division (B) of section122.171of the Revised Code may be claimed under this chapter in the order required under section5751.98of the Revised Code. A credit claimed in calendar year 2008 may not be applied against the tax otherwise due under this chapter for a tax period beginning before July 1, 2008. The credit shall not be claimed against the tax otherwise due for any tax period beginning after the date on which a relocation of employment positions occurs in violation of an agreement entered into under section122.17or122.171of the Revised Code. No credit shall be allowed under this chapter if the credit was available against the tax imposed by section5733.06or5747.02of the Revised Code, except to the extent the credit was not applied against such tax.