Ohio § 5701.11

§ 5701.11.

The effective date to which this section refers is the effective date of this section

as amended by S.B. 9 of the 136th general assembly. (A)(1) Except as provided under division (A)(2) or (B) of this section, any reference in Title LVII or section 149.311 , 3123.90 , 3770.07 , 3770.071 , 3770.072 , 3770.073 , 3772.37 , or 3775.16 of the Revised Code to the Internal Revenue Code, to the Internal Revenue Code “as amended,” to other

laws of the United States, or to other laws of the United States, “as amended,” means

the Internal Revenue Code or other laws of the United States as they exist on the

effective date. (2) This section does not apply to any reference in Title LVII of the Revised Code to

the Internal Revenue Code as of a date certain specifying the day, month, and year,

or to other laws of the United States as of a date certain specifying the day, month,

and year. (B)(1) For purposes of applying section 5733.04 , 5745.01 , or 5747.01 of the Revised Code to a taxpayer's taxable year ending after March 7, 2025, and before the effective

date, a taxpayer may irrevocably elect to incorporate the provisions of the Internal

Revenue Code or other laws of the United States that are in effect for federal income

tax purposes for that taxable year if those provisions differ from the provisions

that, under division (A) of this section, would otherwise apply.  The filing by the taxpayer for that taxable year of a report or return that incorporates

the provisions of the Internal Revenue Code or other laws of the United States applicable

for federal income tax purposes for that taxable year, and that does not include any

adjustments to reverse the effects of any differences between those provisions and

the provisions that would otherwise apply, constitutes the making of an irrevocable

election under this division for that taxable year. (2) Elections under prior versions of division (B)(1) of this section remain in effect

for the taxable years to which they apply.