Ohio § 5747.39
Full text of Ohio Ohio Revised Code § 5747.39, with citation guidance and answers to common questions.
§ 5747.39.
There is hereby allowed a refundable credit against a taxpayer's aggregate tax liability
under section 5747.02 of the Revised Code for a taxpayer who is an owner of an electing pass-through entity. The credit shall equal the owner's proportionate share of the lesser of the tax
due or paid under section 5747.38 of the Revised Code for the taxable year of the electing pass-through entity that ends in the the 1 taxable year of the taxpayer. The credit shall be claimed for the taxpayer's taxable year that includes the last
day of the electing pass-through entity's taxable year for which the tax levied under
that section was paid and in the order required under section 5747.98 of the Revised Code . If the credit exceeds the aggregate amount of tax otherwise due, the excess shall
be refunded to the taxpayer. The tax commissioner may request that a taxpayer claiming a credit under this section
furnish information as is necessary to support the claim for the credit under this
section, and no credit shall be allowed unless the requested information is provided. 1
So in original.
Frequently Asked Questions About Ohio § 5747.39
What does Ohio Revised Code § 5747.39 cover?
Section 5747.39 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 § 5747.39?
A common citation format is "Ohio Revised Code § 5747.39" (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 § 5747.39 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.