Ohio § 5751.98 Order of credits - limitations - excess carried forward

Ohio Statutes

§ 5751.98 — Order of credits - limitations - excess carried forward

Ohio § 5751.98

Title 57Taxation

Ch. 5751Commercial Activity Tax

This text of Ohio § 5751.98 (Order of credits - limitations - excess carried forward) 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. § 5751.98 (2026).

Text

(A)To provide a uniform procedure for calculating the amount of tax due under this chapter, a taxpayer shall claim any credits to which it is entitled in the following order: The nonrefundable jobs retention credit under division (B) of section5751.50of the Revised Code; The nonrefundable credit for qualified research expenses under division (B) of section5751.51of the Revised Code; The nonrefundable credit for a borrower's qualified research and development loan payments under division (B) of section5751.52of the Revised Code; The nonrefundable credit for unused net operating losses under section5751.53of the Revised Code; The refundable motion picture and broadway theatrical production credit under section5751.54of the Revised Code; The refundable jobs creation credit or job reten

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(A) To provide a uniform procedure for calculating the amount of tax due under this chapter, a taxpayer shall claim any credits to which it is entitled in the following order:

The nonrefundable jobs retention credit under division (B) of section5751.50of the Revised Code;

The nonrefundable credit for qualified research expenses under division (B) of section5751.51of the Revised Code;

The nonrefundable credit for a borrower's qualified research and development loan payments under division (B) of section5751.52of the Revised Code;

The nonrefundable credit for unused net operating losses under section5751.53of the Revised Code;

The refundable motion picture and broadway theatrical production credit under section5751.54of the Revised Code;

The refundable jobs creation credit or job retention credit under division (A) of section5751.50of the Revised Code.

(B) For any credit except the refundable credits enumerated in this section, the amount of the credit for a tax period shall not exceed the tax due 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 the credit.

Last updated August 8, 2025 at 10:17 AM