US Laws, Codes, Statutes & Cases

[§ 5747.05.6] § 5747.056. Low-income credit.
 

For taxable years beginning in 2005 or thereafter, a credit shall be allowed per return against the tax imposed by section 5747.02 of the Revised Code for a return not filed by an estate or trust that indicates Ohio adjusted gross income less exemptions of ten thousand dollars or less. For taxable years beginning in 2005, the credit shall equal one hundred seven dollars. For taxable years beginning in 2006, the credit shall equal one hundred two dollars. For taxable years beginning in 2007, the credit shall equal ninety-eight dollars. For taxable years beginning in 2008, the credit shall equal ninety-three dollars. For taxable years beginning in 2009 or thereafter, the credit shall equal eighty-eight dollars. The credit shall be claimed in the order required under section 5747.98 of the Revised Code. 
 

HISTORY: 151 v H 66, § 101.01, eff. 6-30-05; 151 v H 530, § 101.01, eff. 3-30-06.
 

The effective date is set by § 818.03 of 151 v H 530. 

The effective date is set by § 612.21 of 151 v H 66. 

 

Effect of Amendments

151 v H 530, effective March 30, 2006, inserted "per return", and substituted "a return not filed by an estate or trust that indicates" for "an individual whose" and made related changes.