Tax Rules: Final: 5703-7
5703-7-17 Credit against individual income tax if
Ohio adjusted gross income less exemptions is ten thousand
dollars or less.
(A) Section 5747.056 of the Revised Code provides that for
taxable years beginning in 2005 or thereafter, a credit shall
be allowed against the tax imposed by section 5747.02 of the
Revised Code for an individual whose Ohio adjusted gross
income less exemptions is ten thousand dollars or less. The
amount of the credit varies from year to year, and section
5747.056 of the Revised Code sets forth the amount of the
credit for each taxable year.
(B) Spouses required by division (E) of section 5747.08 of
the Revised Code to file jointly shall be allowed the credit
under section 5747.056 of the Revised Code if their joint
Ohio adjusted gross income less exemptions is ten thousand
dollars or less.
Effective: 3-21-06
Promulgated under: 5703.14
Authorized by: 5703.05
Amplifies: 5747.056