Ohio HB69 amends tax code definitions and provisions for depreciation and expensing.

Ohio HB69 amends the definitions and provisions related to depreciation and expensing in the Ohio tax code. It modifies the calculation of adjusted qualifying amount, introduces new definitions for terms like "qualifying beneficiary" and "qualifying investee," and specifies conditions under which certain income and deductions are recognized. The bill also details how credits are to be calculated and applied, including credits for medical care insurance, military pay, and organ donation expenses.

Ohio HB69 amends tax code definitions and provisions for depreciation and expensing.

Ohio HB69 amends the definitions and provisions related to depreciation and expensing in the Ohio tax code. It modifies the calculation of adjusted qualifying amount, introduces new definitions for terms like "qualifying beneficiary" and "qualifying investee," and specifies conditions under which certain income and deductions are recognized. The bill also details how credits are to be calculated and applied, including credits for medical care insurance, military pay, and organ donation expenses.