Ohio HB987 proposes an income tax credit for dog registration fees.

Ohio HB987 amends the state's tax code to introduce a nonrefundable income tax credit for dog registration fees. This credit applies to the lesser of the fees paid or $20 per dog registered during the taxable year. The credit is claimed in a specific order against the taxpayer's aggregate tax liability. The bill also details procedures for filing returns, handling extensions, and the responsibilities of pass-through entities and their investors. The credit is applicable to dog registration fees paid and dogs registered after the bill's effective date.

Ohio HB987 proposes an income tax credit for dog registration fees.

Ohio HB987 amends the state's tax code to introduce a nonrefundable income tax credit for dog registration fees. This credit applies to the lesser of the fees paid or $20 per dog registered during the taxable year. The credit is claimed in a specific order against the taxpayer's aggregate tax liability. The bill also details procedures for filing returns, handling extensions, and the responsibilities of pass-through entities and their investors. The credit is applicable to dog registration fees paid and dogs registered after the bill's effective date.