OH HB478 | 2013-2014 | 130th General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on March 13 2014 - 25% progression, died in committee
Action: 2014-03-13 - To Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on March 13 2014 - 25% progression, died in committee
Action: 2014-03-13 - To Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
To amend section 5725.33 of the Revised Code to eliminate the requirement that a taxpayer receive a federal New Markets tax credit in order to qualify for the state New Markets tax credit, to allow taxpayers to claim the credit earlier in the credit schedule, and to allow credit-eligible investments to be made in low-income community businesses that derive 15% or more of annual revenue from the rental or sale of real property.
Title
To eliminate the requirement that a taxpayer receive a federal New Markets tax credit in order to qualify for the state New Markets tax credit, to allow taxpayers to claim the credit earlier in the credit schedule, and to allow credit-eligible investments to be made in low-income community businesses that derive 15% or more of annual revenue from the rental or sale of real property.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-03-13 | To Ways and Means | |
| 2014-03-13 | Introduced to House |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 57 | Amended Code | Citation Text | ||
| 57 | 25 | Amended Code | Citation Text | |
| 57 | 25 | 33 | Amended Code | Citation Text |
Ohio State Sources
| Type | Source |
|---|---|
| Summary | http://archives.legislature.state.oh.us/bills.cfm?ID=130_HB_478 |
| Text | http://archives.legislature.state.oh.us/BillText130/130_HB_478_I_Y.html |
