Ohio § 5729.20
Full text of Ohio Ohio Revised Code § 5729.20, with citation guidance and answers to common questions.
§ 5729.20.
(A) Terms used in this section have the same meanings as in section 175.17 of the Revised Code . (B) There is allowed a nonrefundable tax credit against the tax imposed by section 5729.03 or 5729.06 of the Revised Code for a foreign insurance company that is allocated a credit issued by the executive
director of the Ohio housing finance agency under section 175.17 of the Revised Code . The credit equals the amount allocated to such company for the calendar year and
reported by the designated reporter on the form prescribed by division (H) of section 175.17 of the Revised Code . The credit authorized in this section shall be claimed in the order required under section 5729.98 of the Revised Code . If the amount of a credit exceeds the tax otherwise due under section 5729.03 or 5729.06 of the Revised Code after deducting all other credits preceding the credit in the order prescribed in section 5725.98 of the Revised Code , the excess may be carried forward for not more than five ensuing calendar years. The amount of the excess credit claimed in any such year shall be deducted from
the balance carried forward to the next calendar year. No credit shall be claimed under this section to the extent the credit was claimed
under section 5725.37 , 5726.60 , or 5747.84 of the Revised Code . A foreign insurance company shall not be required to pay any additional tax levied
under section 5729.06 of the Revised Code as a result of claiming the tax credit authorized under this section.
Frequently Asked Questions About Ohio § 5729.20
What does Ohio Revised Code § 5729.20 cover?
Section 5729.20 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 § 5729.20?
A common citation format is "Ohio Revised Code § 5729.20" (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 § 5729.20 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.