The bill amends sections 5747.08 and 5747.98 of the Revised Code and enacts new sections 5747.87 and 5747.88 to establish a nonrefundable income tax credit for Ohio taxpayers. This credit is designated for expenses related to handgun training and the purchase of secure storage and locking devices for firearms, with a maximum limit of $250 per taxable year for each category. The bill defines "secure storage device" and "locking device," and outlines the requirements for claiming these credits, including the necessity for taxpayers to provide sales receipts or other supporting documentation when requested by the tax commissioner.

Additionally, the bill repeals existing sections 5747.08 and 5747.98, streamlining the process for calculating a taxpayer's aggregate tax liability. It specifies that the taxpayer must complete the relevant training in the order prescribed by section 5747.98 and prohibits the tax commissioner from maintaining a list of taxpayers who have claimed these credits. The new provisions will apply to taxable years ending on or after the effective date of the bill, ensuring clarity for taxpayers regarding the updated credit claiming procedures and the new credits available to them.

Statutes affected:
As Introduced: 5747.08, 5747.98