The bill amends sections 5747.08 and 5747.98 of the Revised Code and introduces 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 the purchase of secure storage devices and locking devices for firearms, as well as costs associated with handgun training courses. Each credit is capped at $250 per taxable year. The bill also defines "secure storage device" and "locking device" to clarify eligibility for the tax credit and empowers the tax commissioner to request supporting documentation, such as sales receipts, to validate claims.

Additionally, the bill outlines the order in which taxpayers can claim these new credits and specifies that the relevant training must be completed as prescribed by section 5747.98. It prohibits the tax commissioner from maintaining a list of taxpayers who have claimed these credits. The bill also repeals the existing sections 5747.08 and 5747.98, streamlining the calculation of a taxpayer's aggregate tax liability. The new provisions will take effect for taxable years ending on or after the bill's effective date, allowing taxpayers to benefit from these updated credit claims.

Statutes affected:
As Introduced: 5747.08, 5747.98