Ohio § 5747.231
Full text of Ohio Ohio Revised Code § 5747.231, with citation guidance and answers to common questions.
§ 5747.231.
As used in this section, “adjusted qualifying amount” has the same meaning as in section 5733.40 of the Revised Code . This section does not apply to division (AA)(5)(a)(ii) of section 5747.01 of the Revised Code . Except as set forth in this section and except as otherwise provided in divisions (A) and (B) of section 5733.401 of the Revised Code , in making all apportionment, allocation, income, gain, loss, deduction, tax, and
credit computations under this chapter, each person shall include in that person's
items of business income, nonbusiness income, adjusted qualifying amounts, allocable
income or loss, apportionable income or loss, property, compensation, and sales, the
person's entire distributive share or proportionate share of the items of business
income, nonbusiness income, adjusted qualifying amounts, allocable income or loss,
apportionable income or loss, property, compensation, and sales of any pass-through
entity in which the person has a direct or indirect ownership interest at any time
during the person's taxable year. A pass-through entity's direct or indirect distributive share or proportionate share
of any other pass-through entity's items of business income, nonbusiness income, adjusted
qualifying amounts, allocable income or loss, apportionable income or loss, property,
compensation, and sales shall be included for the purposes of computing the person's
distributive share or proportionate share of the pass-through entity's items of business
income, nonbusiness income, adjusted qualifying amounts, allocable income or loss,
apportionable income or loss, property, compensation, and sales under this section. Those items shall be in the same form as was recognized by the pass-through entity.
Frequently Asked Questions About Ohio § 5747.231
What does Ohio Revised Code § 5747.231 cover?
Section 5747.231 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 § 5747.231?
A common citation format is "Ohio Revised Code § 5747.231" (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 § 5747.231 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.