The bill amends sections 5747.08 and 5747.98 of the Revised Code and enacts new sections 5747.87 and 5747.88 to introduce nonrefundable income tax credits for Ohio taxpayers. It specifically allows credits for expenses related to the purchase of secure storage devices and locking devices for firearms, as well as for costs associated with handgun training courses, with a cap of $250 per taxable year for each type of credit. The bill also establishes definitions for "secure storage device" and "locking device," and requires taxpayers to provide sales receipts or other necessary documentation to support their claims, while clarifying that the tax commissioner will not maintain a list of taxpayers who claim these credits.

In addition to introducing these new credits, the bill outlines a structured order for claiming various tax credits, requiring taxpayers to complete specific courses or programs to qualify for certain credits. It also repeals the existing sections 5747.08 and 5747.98, streamlining the tax credit process. The new provisions will apply to taxable years ending on or after the bill's effective date, aiming to clarify and organize the tax credit claiming process while promoting firearm safety through financial incentives for proper storage and training.

Statutes affected:
As Introduced: 5747.08, 5747.98