OH HB400

Creates a nonrefundable income tax credit for retail dealers who sell higher ethanol blend motor fuel (15-85% ethanol content) at retail service stations in Ohio.

Credit equals five cents per gallon of higher ethanol blend sold and dispensed through metered pumps during the calendar year the section becomes law and the three subsequent calendar years.

Allows pass-through entity investors to claim their proportionate or distributive share of the credit available to the retail dealer.

Excess credits not used in a taxable year may be carried forward to succeeding years, with the carried-forward amount reduced by any excess credit used in the current year.

Establishes credit claim order in section 5747.98, positioning the higher ethanol blend motor fuel credit fifteenth in the sequence of allowable tax credits.