us-oh/stat
Ohio Rev. Code § 5726.50
Tax credits for job creation
# (A)
A taxpayer may claim a refundable tax credit against the tax imposed under this chapter for each person included in the annual report of the taxpayer that is granted a credit by the tax credit authority under section 122.17 or former division (B)(2) or (3) of section 122.171 of the Revised Code as those divisions existed before September 29, 2015. Such a credit shall not be claimed for any tax year following the calendar year in which a relocation of employment positions occurs in violation of an agreement entered into under section 122.17 or 122.171 of the Revised Code. For the purpose of making tax payments under this chapter, taxes equal to the amount of the refundable credit shall be considered to be paid on the first day of the tax year.
# (B)
A taxpayer may claim a nonrefundable tax credit against the tax imposed under this chapter for each person included in the annual report of the taxpayer that is granted a nonrefundable credit by the tax credit authority under division (B) of section 122.171 of the Revised Code. A taxpayer may claim against the tax imposed by this chapter any unused portion of the credits authorized under division (B) of section 5733.0610 of the Revised Code.
# (C)
The credits authorized in divisions (A) and (B) of this section shall be claimed in the order required under section 5726.98 of the Revised Code. If the amount of a credit authorized in division (A) of this section exceeds the tax otherwise due under section 5726.02 of the Revised Code after deducting all other credits preceding the credit in the order prescribed in section 5726.98 of the Revised Code, the excess shall be refunded to the taxpayer.
Source: view the official text
In this chapter (32 sections)
- 5726.01 · Definitions
- 5726.02 · Financial institution tax; purpose; amount
- 5726.03 · Report; remittance
- 5726.04 · Amount of tax
- 5726.05 · Apportionment factor
- 5726.06 · Estimated tax reports
- 5726.07 · Underpayment of estimated taxes
- 5726.10 · Enforcement of chapter
- 5726.20 · Assessments
- 5726.21 · Penalties
- 5726.30 · Refunds
- 5726.31 · Application of refund to debt to the state
- 5726.32 · Interest on unpaid taxes
- 5726.33 · Interest or penalty on qualifying refund overpayment
- 5726.36 · Notification of changes in ownership or applicability of…
- 5726.40 · Cancellation of authority to to business in Ohio
- 5726.41 · Penalty for continuing after cancellation
- 5726.42 · Reinstatement
- 5726.43 · Quo warranto action
- 5726.50 · Tax credits for job creation
- 5726.52 · Tax credit for historic building rehabilitation
- 5726.53 · Tax credit for venture capital loan loss
- 5726.54 · New markets tax credit
- 5726.55 · Motion picture production tax credit
- 5726.56 · Research and development tax credit
- 5726.57 · Nonrefundable credit for qualifying dealers in intangibles
- 5726.58 · State low-income housing tax credit
- 5726.60 · Tax credit for single-family housing development
- 5726.61 · Opportunity zone investment tax credit
- 5726.62 · Transformational mixed use development tax credit
- 5726.98 · Calculating tax due
- 5726.99 · Minimum and maximum fines