OH SB89

Enacts a refundable state earned income tax credit for eligible individuals under Internal Revenue Code section 32, equal to 5% of the federal earned income tax credit for tax years beginning in 2013 and 10% for tax years beginning in 2014 and thereafter.

Amends section 5747.08 to exclude the earned income tax credit from the definition of "business credits" for pass-through entities filing single returns.

Amends section 5747.98 to establish the order in which taxpayers claim credits, placing the refundable earned income tax credit last in the credit sequence to be applied after all other credits.

Makes the earned income tax credit refundable, allowing taxpayers to receive a refund if the credit exceeds their tax liability after deducting all preceding credits.