The bill proposes amendments to sections 5747.08 and 5747.98 of the Revised Code and introduces a new section, 5747.87, to establish a nonrefundable income tax credit for taxpayers who have their dogs spayed or neutered or who complete a dog training course. This new credit will cover the costs associated with these services, with a maximum claim of $350 per taxable year, and can only be claimed once per year in the year the expense is incurred. The tax commissioner may require supporting documentation, such as sales receipts, to validate the claims. Additionally, the bill includes this new credit in section 5747.98 as part of the list of credits that taxpayers can claim against their aggregate tax liability, promoting responsible pet ownership and better social behavior among dogs.

Furthermore, the bill amends the structure and limitations of existing tax credits, updating the joint filing credit from division (G) to division (E) of section 5747.05. It clarifies that the amount of any credit for a taxable year cannot exceed the taxpayer's aggregate tax due, with provisions for carrying forward any excess credit if permitted. The bill also repeals the existing sections 5747.08 and 5747.98, potentially streamlining the tax credit process by removing outdated provisions. Overall, these changes aim to refine the tax credit system, ensuring taxpayers can benefit from available credits while maintaining clear limitations on their use.

Statutes affected:
As Introduced: 5747.08, 5747.98