Ohio § 5733.37
Full text of Ohio Ohio Revised Code § 5733.37, with citation guidance and answers to common questions.
§ 5733.37.
(A) A nonrefundable credit is allowed against the tax imposed by sections 5733.06 , 5733.065 , and 5733.066 of the Revised Code equal to the lesser of one hundred thousand dollars, or fifty per cent of the amount
incurred by a taxpayer for equipment, supplies, labor, and real property, including
renovation of real property, used exclusively to establish a child care center. The credit is allowed only for the tax year immediately following the taxable year
in which the center begins operations. The credit may be claimed only for tax year 1999, 2000, 2001, 2002, or 2003, but
may be carried forward pursuant to division (B) of this section. The center must be licensed under section 5104.03 of the Revised Code , used exclusively by employees of the taxpayer, and located at the employees' worksite. Amounts incurred for supplies that are to be used after the center begins operations
may be included only with regard to supplies that are expected to last more than one
year under normal usage. To be eligible for the credit, the taxpayer must specify that an employee has the
option of refusing to place the employee's child in the center established by the
taxpayer. (B) The taxpayer shall claim the credit in the order required under section 5733.98 of the Revised Code . The taxpayer may carry forward any credit amount in excess of its tax due after
allowing for any other credits that precede the credit under this section in the order
required under section 5733.98 of the Revised Code , and shall deduct the amount of the excess credit allowed in any such year from the
balance carried forward to the next taxable year. The credit may be carried forward for five tax years following the tax year for
which the credit is claimed under division (A) of this section. However, if the taxpayer disposes of the center or ceases to operate it at any time
during the five-year period, it shall not claim or carry forward any credit in connection
with that property in the taxable year of disposal or cessation of operation or in
any ensuing taxable year.
Frequently Asked Questions About Ohio § 5733.37
What does Ohio Revised Code § 5733.37 cover?
Section 5733.37 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 § 5733.37?
A common citation format is "Ohio Revised Code § 5733.37" (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 § 5733.37 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.