Ohio § 5747.221
Full text of Ohio Ohio Revised Code § 5747.221, with citation guidance and answers to common questions.
§ 5747.221.
(A) As used in this section, “ investment pass-through entity ” has the same meaning as in section 5733.401 of the Revised Code . (B) Except as provided in division (C) of this section, for the purposes of sections 5747.20 , 5747.21 , and 5747.22 of the Revised Code , no item of income or deduction shall be allocated or apportioned to this state to
the extent that such item represents the portion of an adjusted qualifying amount
for which the withholding tax is not imposed under section 5747.41 of the Revised Code by reason of division (C) of section 5733.401 of the Revised Code . This section shall be applied without regard to division (I) of section 5733.40 of the Revised Code . (C) If a taxpayer has a direct or indirect investment in an investment pass-through entity
that has a direct or indirect investment in any other pass-through entity, division
(B) of this section does not apply to any item of income, gain, deduction, or loss
where, under section 5747.231 of the Revised Code , the item is directly or indirectly attributable to either of the following: (1) A distributive share of income or gain from a pass-through entity that does not qualify
as an investment pass-through entity; (2) A pass-through entity's income or gain to which division (C) of section 5733.401 of the Revised Code does not apply. An indirect investment includes any interest that a person constructively owns on
account of the attribution rules set forth in section 267 , 318 , or 1563 of the Internal Revenue Code .
Frequently Asked Questions About Ohio § 5747.221
What does Ohio Revised Code § 5747.221 cover?
Section 5747.221 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 § 5747.221?
A common citation format is "Ohio Revised Code § 5747.221" (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 § 5747.221 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.