OH HB284

Increases the maximum historic rehabilitation tax credit per certificate from $5 million to $25 million for taxpayers under Ohio tax codes sections 5725.34, 5726.52, 5729.17, and 5747.76.

Limits the amount of the credit that may be claimed in any single year to $5 million per taxpayer, regardless of the total certificate value.

Maintains the refund cap at $5 million per year (increased from $3 million) for the combined amount of tax reduction and refunds in any given year.

Allows taxpayers to carry forward unused credit balances for up to five subsequent years following the year the credit was claimed.

Applies changes to insurance companies, pass-through entities, and other eligible certificate owners who hold rehabilitation tax credit certificates issued under section 149.311 of the Revised Code.