OH HB249

Establishes a nonrefundable income tax credit for taxpayers who contribute cash to certified charitable organizations between January 1, 2023, and December 31, 2027.

Credit equals 50% of aggregate contributions during the taxable year, capped at $1,000 for joint filers or $500 for all other taxpayers.

Eligible charitable organizations must be 501(c)(3) nonprofits or community action agencies spending at least 50% of budget on services for low-income individuals, those with chronic illness or disability, or TANF recipients in Ohio.

Organizations cannot perform, promote, or contract with entities that provide nontherapeutic abortions; tax commissioner must certify qualifying organizations and maintain public list.

Credit is claimed after specified other credits and excess amounts may be carried forward to the following taxable year.