OH HB782

Establishes a nonrefundable income tax credit for campaign contributions made to candidates for statewide office (governor, lieutenant governor, secretary of state, auditor of state, treasurer of state, attorney general), State Board of Education, or Ohio General Assembly

Credit amount equals the lesser of combined contributions made during the taxable year or $50 for individual returns/$100 for joint returns

Limits eligible contributions to monetary contributions only and applies to taxable years beginning on or after January 1, 2020

Establishes the credit claim order in the tax code by amending section 5747.98 to position the campaign contribution credit after the displaced worker job training credit and before the personal exemption credit

Caps the credit at the taxpayer's aggregate tax liability for the year after allowance for other preceding credits