(A) To provide a uniform procedure for calculating the amount of tax due under section 5726.02 of the Revised Code, a taxpayer shall claim any credits to which the taxpayer is entitled under this chapter in the following order:
The nonrefundable job retention credit under division (B) of section 5726.50 of the Revised Code;
(B) For any credit except the refundable credits enumerated in this section, the amount of the credit for a taxable year shall not exceed the tax due after allowing for any other credit that precedes it in the order required under this section. Any excess amount of a particular credit may be carried forward if authorized under the section creating that credit. Nothing in this chapter shall be construed to allow a taxpayer to claim, directly or indirectly, a credit more than once for a taxable year.
Amended by 131st General Assembly File No. TBD, HB 340, §101.01, eff. 12/22/2015.
Added by 129th General AssemblyFile No.186, HB 510, §1, eff. 3/27/2013.
Related Legislative Provision: See 131st General Assembly File No. TBD, HB 340, §803.20.