Ohio § 5726.50
Full text of Ohio Ohio Revised Code § 5726.50, with citation guidance and answers to common questions.
§ 5726.50.
(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.
Frequently Asked Questions About Ohio § 5726.50
What does Ohio Revised Code § 5726.50 cover?
Section 5726.50 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5726.50?
A common citation format is "Ohio Revised Code § 5726.50" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5726.50 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.