{"data":{"id":"us-oh/ohio-rev.-code-5725.98","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 5725.98","heading":"Order of claims for tax credits and offsets.","body":"(A) To provide a uniform procedure for calculating the amount of tax imposed by section 5725.18 of the Revised Code that is due under this chapter, a taxpayer shall claim any credits and offsets against tax liability to which it is entitled in the following order:\nThe credit for an insurance company or insurance company group under section 5729.031 of the Revised Code;\nThe credit for eligible employee training costs under section 5725.31 of the Revised Code;\nThe credit for purchasers of qualified low-income community investments under section 5725.33 of the Revised Code;\nThe nonrefundable job retention credit under division (B) of section 122.171 of the Revised Code;\nThe nonrefundable credit for investments in rural business growth funds under section 122.152 of the Revised Code;\nThe nonrefundable Ohio low-income housing tax credit under section 5725.36 of the Revised Code;\nThe nonrefundable affordable single-family home credit under section 5725.37 of the Revised Code;\nThe nonrefundable credit for contributing capital to a transformational mixed use development project under section 5725.35 of the Revised Code;\nThe nonrefundable opportunity zone investment credit under section 5725.38 of the Revised Code;\nThe offset of assessments by the Ohio life and health insurance guaranty association permitted by section 3956.20 of the Revised Code;\nThe refundable credit for rehabilitating a historic building under section 5725.34 of the Revised Code;\nThe refundable credit for Ohio job retention under former division (B)(2) or (3) of section 122.171 of the Revised Code as those divisions existed before September 29, 2015, the effective date of the amendment of this section by H.B. 64 of the 131st general assembly;\nThe refundable credit for Ohio job creation under section 5725.32 of the Revised Code;\nThe refundable credit under section 5725.19 of the Revised Code for losses on loans made under the Ohio venture capital program under sections 150.01 to 150.10 of the Revised Code.\n(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.","path":["Title 57 Taxation","Chapter 5725 Financial Institutions; Dealers In Intangibles; Insurance Companies"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-5725.98","current_through":"2025-04-03 (House Bill 315 - 135th General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:41Z","sha256":"659fb2388283ce45043f51911eb1f9cfafe67fb7ab84c3f478aee3c609335c0d","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-5725.38","next":"us-oh/ohio-rev.-code-5726.01"},"notice":"GroundRules: Original legal text. Not legal advice."}