Makes the earned income tax credit partially refundable in Ohio.

This bill amends the Ohio Revised Code to make the earned income tax credit partially refundable. It specifies that the credit shall equal 30% of the federal credit allowed for the taxable year. The credit cannot exceed the aggregate amount of tax due after deducting any other nonrefundable credits. The bill repeals existing sections 5747.71 and 5747.98 of the Revised Code and applies to taxable years ending on or after the effective date of this act.

Makes the earned income tax credit partially refundable in Ohio.

This bill amends the Ohio Revised Code to make the earned income tax credit partially refundable. It specifies that the credit shall equal 30% of the federal credit allowed for the taxable year. The credit cannot exceed the aggregate amount of tax due after deducting any other nonrefundable credits. The bill repeals existing sections 5747.71 and 5747.98 of the Revised Code and applies to taxable years ending on or after the effective date of this act.