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[§ 5747.21.1] § 5747.211. Apportionment of financial institution income or deduction to Ohio.
 

This section applies solely for the purpose of computing the credit allowed under division (A) of section 5747.05 of the Revised Code, computing income taxable in this state under division (D) of section 5747.08 of the Revised Code, and computing the credit allowed under section 5747.057 [5747.05.7] of the Revised Code. In lieu of sections 5747.20 and 5747.21 of the Revised Code, all items of business income or business deductions earned by a financial institution as defined in section 5725.01 of the Revised Code shall be apportioned to this state as required under section 5733.056 [5733.05.6] of the Revised Code. 
 

HISTORY: 147 v H 215. Eff 6-30-97.