Ohio § 5729.17
Full text of Ohio Ohio Revised Code § 5729.17, with citation guidance and answers to common questions.
§ 5729.17.
(A) As used in this section, “certificate owner” has the same meaning as in section 149.311 of the Revised Code . (B) There is allowed a credit against the tax imposed by section 5729.03 of the Revised Code for an insurance company subject to that tax that is a certificate owner of a rehabilitation
tax credit certificate issued under section 149.311 of the Revised Code . The credit shall equal twenty-five per cent of the dollar amount indicated on the
certificate, but the amount of the credit allowed for any company for any year shall
not exceed five million dollars. The credit shall be claimed in the calendar year specified in the certificate and
in the order required under section 5729.98 of the Revised Code . If the credit exceeds the amount of tax otherwise due in that year, the excess shall
be refunded to the company but, if any amount of the credit is refunded, the sum of
the amount refunded and the amount applied to reduce the tax otherwise due in that
year shall not exceed three million dollars. The company may carry forward any balance of the credit in excess of the amount
claimed in that year for not more than five ensuing years, and shall deduct any amount
claimed in any such year from the amount claimed in an ensuing year. (C) An insurance company claiming a credit under this section shall retain the rehabilitation
tax credit certificate for four years following the end of the year in which the credit
was claimed, and shall make the certificate available for inspection by the tax commissioner
upon the request of the tax commissioner during that period.
Frequently Asked Questions About Ohio § 5729.17
What does Ohio Revised Code § 5729.17 cover?
Section 5729.17 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 § 5729.17?
A common citation format is "Ohio Revised Code § 5729.17" (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 § 5729.17 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.