SB 250 — Enact the Promised Land Act

S.

250 Page 5 As IntroducedReported (G)by Athe personSenate thatHousing holdsCommittee a5747.02 whollyof orthe partiallyRevised unclaimedCode 109shall certificatenot issuedclaim underthe thiscredit sectionbut may 108 transfer the right to 110 claim allthe orcredit partunder ofdivision the(G) remainingof credit109 tothis anysection. other person.

111110 To(4) effectuateThe theeligible transfer,nonprofit theorganization transferor shall notifybe the taxsole 112111 commissioner,applicant inof writing,any thattax thecredit transferorawarded isunder transferringthis 113section, the112 rightregardless to claim all or part of thewhether remaininganother creditperson statedfinances onor 114constructs the certificate.113 housing improvements.

The114 transferor(5) shallIn identifyawarding intax thatcredit 115certificates notificationfor theapplications certificate's115 number,submitted thebased nameon and the taxconstruction 116and identificationsale number of theowner-occupied transferee,116 units, the amountdirector of remainingdevelopment 117may creditgrant transferredpreference to the117 transferee,applications and,that ifincorporate applicable,ground thelease arrangements, deed 118 amountrestrictions, ofor remainingother creditmechanisms retaineddesigned byto thepreserve transferor.119 affordability and owner-occupancy.

TheSuch 119preference transfereeshall maynot claim the amount of credit received under this 120 divisiondisadvantage pursuantapplications tosubmitted andbased inon the mannerconstruction required under divisions 121 (E)(3) and (F)occupancy of thisunits section.for student tenants.

Transferring a credit under this 122 division(F) doesA nottaxpayer extendclaiming thea taxablecredit yearthrough ora calendarcertificate year for 123 whichissued theunder creditthis maysection beshall claimedsubmit ora numbercopy of years for which the certificate 124 unclaimedwith creditthe amounttaxpayer's mayreturn be carried forward under section 125 5725.38, 5726.61, 5729.21, or 5747.86report. of the Revised Code, as 126 applicable.

127125 Any(G) personAn toeligible whichnonprofit organization that holds a creditwholly has126 beenor transferredpartially underunclaimed 128certificate issued under this divisionsection may 127 transfer the right to claim all or part of the 129remaining transferred credit amount128 to any other person,person inthat is not an employee or officer of the same129 130eligible mannernonprofit prescribedorganization, bya thismember divisionof forsuch thea initialperson's transfer,130 131immediate includingfamily, thator anyan suchentity transferowned, becontrolled, reportedor managed by the131 transferorsuch 132a toperson theor taxa commissionermember asof describedsuch ina thisperson's division.immediate family.

133132 (H)The On or before the first day of August each year, the 134 director of development shallmay submitadopt arules reportnecessary to the133 governor,administer 135this thelimit presidenton andtransfers, minorityincluding leaderrules ofdefining the senate,134 andmeaning the speaker 136 and minority leader of theowned, housecontrolled, ofmanaged, representativesor onimmediate thefamily. tax 137 credit program authorized under this section.

TheTo report135 shalleffectuate 138the includetransfer, the numbertransferor ofshall owner-occupiednotify housingthe unitstax for136 whichcommissioner, ain 139writing, S.that the transferor is transferring 137 Sub.

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250 Page 6 As IntroducedReported taxby creditthe applicationSenate wasHousing submittedCommittee underthe thisright sectionto duringclaim 140all theor precedingpart year, the address of each unit, and the numberremaining ofcredit 141stated owner-occupiedon housing138 units for which certificates were issued 142 during the precedingcertificate. year.

143The (I)transferor Theshall identify in that 139 notification the certificate's number, the name and the tax 140 identification number of the transferee, the amount of remaining 141 credit authorizedtransferred byto thisthe sectiontransferee, shalland, beif 144applicable, knownthe as142 "theamount promisedof landremaining credit."credit 145retained Sec.by the transferor.

The 143 transferee may claim the amount of credit received under this 144 division pursuant to and in the manner required under divisions 145 (E)(3) and (F) of this section.

Transferring a credit under this 146 division does not extend the taxable year or calendar year for 147 which the credit may be claimed or number of years for which the 148 unclaimed credit amount may be carried forward under section 149 5725.38, 5726.61, 5729.21, or 5747.86 of the Revised Code, as 150 applicable.

151 Any person to which a credit has been transferred under 152 this division may transfer the right to claim all or part of the 153 transferred credit amount to any other person provided that 154 person was not prohibited from obtaining that right directly 155 from the eligible nonprofit organization that was awarded the 156 credit.

The transfer shall occur in the same manner prescribed 157 by this division for the initial transfer, including that any 158 such transfer be reported by the transferor to the tax 159 commissioner as described in this division.

160 (H) On or before the first day of August each year, the 161 director of development shall submit a report to the governor, 162 the president and minority leader of the senate, and the speaker 163 and minority leader of the house of representatives on the tax 164 credit program authorized under this section.

The report shall 165 include the number of owner-occupied housing units and the 166 number of occupied student housing units for which a tax credit 167 application was submitted under this section during the 168 Sub.

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B.

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250 Page 7 As Reported by the Senate Housing Committee preceding year, the address of each unit, and the number of 169 owner-occupied housing units and the number of occupied student 170 housing units for which certificates were issued during the 171 preceding year.

172 (I) The tax credit authorized by this section shall be 173 known as "the promised land credit." 174 Sec.

Terms used in this section have the same 146175 meanings as in section 122.84 of the Revised Code.

147176 There is allowed a nonrefundable credit against the tax 148177 imposed by section 5725.18 of the Revised Code for a domestic 149178 insurance company that is issued, or to which is transferred, a 150179 tax credit certificate under section 122.84 or 122.841 of the 151180 Revised Code.

The credit equals the amount stated on the 152181 certificate and may be claimed for the calendar year that 153182 includes the investment period or development period that was 154183 the subject of the application for the certificate under that 155184 the applicable section or for the ensuing calendar year.

For a 156185 credit issued under section 122.84 of the Revised Code during 157186 the July application round each year, the credit may also be 158187 claimed for the preceding calendar year.

A taxpayer applying a 159188 that credit for the preceding calendar year shall file an 160189 amended return or apply that amendment on the taxpayer's 161190 original return, for that year.

162191 The A credit authorized in this section shall be claimed 163192 in the order required under section 5725.98 of the Revised Code.

164193 If the amount of a credit exceeds the tax otherwise due under 165194 section 5725.18 of the Revised Code after deducting all other 166195 credits preceding the credit in that order, the excess may be 167196 carried forward for not more than five ensuing calendar years.

168197 The amount of the excess credit claimed in any such year shall 169198 S.Sub.

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250 Page 78 As IntroducedReported by the Senate Housing Committee be deducted from the balance carried forward to the next 170199 calendar year.

171200 No credit shall be claimed under this section to the 172201 extent the credit was claimed under section 5726.61, 5729.21, or 173202 5747.86 of the Revised Code.

174203 Sec.

(A) To provide a uniform procedure for 175204 calculating the amount of tax imposed by section 5725.18 of the 176205 Revised Code that is due under this chapter, a taxpayer shall 177206 claim any credits and offsets against tax liability to which it 178207 is entitled in the following order:

179208 The credit for an insurance company or insurance company 180209 group under section 5729.031 of the Revised Code;

181210 The credit for eligible employee training costs under 182211 section 5725.31 of the Revised Code;

183212 The credit for purchasers of qualified low-income 184213 community investments under section 5725.33 of the Revised Code;

185214 The nonrefundable job retention credit under division (B) 186215 of section 122.171 of the Revised Code;

187216 The nonrefundable credit for investments in rural business 188217 growth funds under section 122.152 of the Revised Code;

189218 The nonrefundable Ohio low-income housing tax credit under 190219 section 5725.36 of the Revised Code;

191220 The nonrefundable affordable single-family home credit 192221 under section 5725.37 of the Revised Code;

193222 The nonrefundable credit for contributing capital to a 194223 transformational mixed use development project under section 195224 5725.35 of the Revised Code;

196225 S.Sub.

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250 Page 89 As IntroducedReported by the Senate Housing Committee The nonrefundable opportunity zone investment credit under 197226 section 5725.38 of the Revised Code;

198227 The nonrefundable promised land credit under section 199228 5725.38 of the Revised Code;

200229 The offset of assessments by the Ohio life and health 201230 insurance guaranty association permitted by section 3956.20 of 202231 the Revised Code;

203232 The refundable credit for rehabilitating a historic 204233 building under section 5725.34 of the Revised Code;

205234 The refundable credit for Ohio job retention under former 206235 division (B)(2) or (3) of section 122.171 of the Revised Code as 207236 those divisions existed before September 29, 2015, the effective 208237 date of the amendment of this section by H.B.

64 of the 131st 209238 general assembly;

210239 The refundable credit for Ohio job creation under section 211240 5725.32 of the Revised Code;

212241 The refundable credit under section 5725.19 of the Revised 213242 Code for losses on loans made under the Ohio venture capital 214243 program under sections 150.01 to 150.10 of the Revised Code.

215244 (B) For any credit except the refundable credits 216245 enumerated in this section, the amount of the credit for a 217246 taxable year shall not exceed the tax due after allowing for any 218247 other credit that precedes it in the order required under this 219248 section.

Any excess amount of a particular credit may be carried 220249 forward if authorized under the section creating that credit.

221250 Nothing in this chapter shall be construed to allow a taxpayer 222251 to claim, directly or indirectly, a credit more than once for a 223252 taxable year.

224253 S.Sub.

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250 Page 910 As IntroducedReported by the Senate Housing Committee Sec.

Terms used in this section have the same 225254 meanings as in section 122.84 of the Revised Code.

226255 A taxpayer may claim a nonrefundable credit against the 227256 tax imposed under section 5726.02 of the Revised Code for each 228257 person included in the annual report of the taxpayer to whom a 229258 certificate is issued or transferred under section 122.84 or 230259 122.841 of the Revised Code or is transferred pursuant to that 231260 section.

The credit equals the amount stated on the certificate 232261 and may be claimed for the taxable year that aligns with the 233262 calendar year that includes the investment period or development 234263 period that was the subject of the application for the 235264 certificate under that the applicable section or for the ensuing 236265 calendar year.

For a credit issued under section 122.84 of the 237266 Revised Code during the July application round each year, the 238267 credit may also be claimed for the preceding taxable year.

A 239268 taxpayer applying a that credit for the preceding taxable year 240269 shall file an amended report or apply that amendment on the 241270 taxpayer's original report, for that year.

242271 The A credit authorized in this section shall be claimed 243272 in the order required under section 5726.98 of the Revised Code.

244273 If the amount of a credit exceeds the tax otherwise due under 245274 section 5726.02 of the Revised Code after deducting all other 246275 credits preceding the credit in that order, the excess may be 247276 carried forward for not more than five ensuing taxable years.

248277 The amount of the excess credit claimed in any such year shall 249278 be deducted from the balance carried forward to the next taxable 250279 year.

251280 No credit shall be claimed under this section to the 252281 extent the credit was claimed under section 5725.38, 5729.21, or 253282 5747.86 of the Revised Code.

254283 S.Sub.

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250 Page 1011 As IntroducedReported by the Senate Housing Committee Sec.

(A) To provide a uniform procedure for 255284 calculating the amount of tax due under section 5726.02 of the 256285 Revised Code, a taxpayer shall claim any credits to which the 257286 taxpayer is entitled under this chapter in the following order:

258287 The nonrefundable job retention credit under division (B) 259288 of section 5726.50 of the Revised Code;

260289 The nonrefundable credit for purchases of qualified low- 261290 income community investments under section 5726.54 of the 262291 Revised Code;

263292 The nonrefundable credit for transformational mixed use 264293 development tax credit certificate holders under section 5726.62 265294 of the Revised Code;

266295 The nonrefundable credit for qualified research expenses 267296 under section 5726.56 of the Revised Code;

268297 The nonrefundable credit for qualifying dealer in 269298 intangibles taxes under section 5726.57 of the Revised Code;

270299 The nonrefundable Ohio low-income housing tax credit under 271300 section 5726.58 of the Revised Code;

272301 The nonrefundable affordable single-family home credit 273302 under section 5726.60 of the Revised Code;

274303 The nonrefundable welcome home Ohio (WHO) program credit 275304 under section 122.633 of the Revised Code;

276305 The nonrefundable opportunity zone investment credit under 277306 section 5726.61 of the Revised Code;

278307 The nonrefundable promised land credit under section 279308 5726.61 of the Revised Code;

280309 The refundable credit for rehabilitating an historic 281310 S.Sub.

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250 Page 1112 As IntroducedReported by the Senate Housing Committee building under section 5726.52 of the Revised Code;

282311 The refundable job retention or job creation credit under 283312 division (A) of section 5726.50 of the Revised Code;

284313 The refundable credit under section 5726.53 of the Revised 285314 Code for losses on loans made under the Ohio venture capital 286315 program under sections 150.01 to 150.10 of the Revised Code;

287316 The refundable motion picture and broadway theatrical 288317 production credit under section 5726.55 of the Revised Code.

289318 (B) For any credit except the refundable credits 290319 enumerated in this section, the amount of the credit for a 291320 taxable year shall not exceed the tax due after allowing for any 292321 other credit that precedes it in the order required under this 293322 section.

Any excess amount of a particular credit may be carried 294323 forward if authorized under the section creating that credit.

295324 Nothing in this chapter shall be construed to allow a taxpayer 296325 to claim, directly or indirectly, a credit more than once for a 297326 taxable year.

298327 Sec.

Terms used in this section have the same 299328 meanings as in section 122.84 of the Revised Code.

300329 There is allowed a nonrefundable credit against the tax 301330 imposed by section 5729.03 of the Revised Code for a foreign 302331 insurance company that is issued, or to which is transferred, a 303332 tax credit certificate under section 122.84 or 122.841 of the 304333 Revised Code.

The credit equals the amount stated on the 305334 certificate and may be claimed for the calendar year that 306335 includes the investment period or development period that was 307336 the subject of the application for the certificate under that 308337 the applicable section or for the ensuing calendar year.

For a 309338 credit issued under section 122.84 of the Revised Code during 310339 S.Sub.

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250 Page 1213 As IntroducedReported by the Senate Housing Committee the July application round each year, the credit may also be 311340 claimed for the preceding calendar year.

A taxpayer applying a 312341 that credit for the preceding calendar year shall file an 313342 amended return or apply that amendment on the taxpayer's 314343 original return, for that year.

315344 The A credit authorized in this section shall be claimed 316345 in the order required under section 5729.98 of the Revised Code.

317346 If the amount of a credit exceeds the tax otherwise due under 318347 section 5729.03 of the Revised Code after deducting all other 319348 credits preceding the credit in that order, the excess may be 320349 carried forward for not more than five ensuing calendar years.

321350 The amount of the excess credit claimed in any such year shall 322351 be deducted from the balance carried forward to the next 323352 calendar year.

324353 No credit shall be claimed under this section to the 325354 extent the credit was claimed under section 5725.38, 5726.61, or 326355 5747.86 of the Revised Code.

327356 A foreign insurance company shall not be required to pay 328357 any additional tax levied under section 5729.06 of the Revised 329358 Code as a result of claiming the a tax credit authorized by this 330359 section.

331360 Sec.

(A) To provide a uniform procedure for 332361 calculating the amount of tax due under this chapter, a taxpayer 333362 shall claim any credits and offsets against tax liability to 334363 which it is entitled in the following order:

335364 The credit for an insurance company or insurance company 336365 group under section 5729.031 of the Revised Code;

337366 The credit for eligible employee training costs under 338367 section 5729.07 of the Revised Code;

339368 S.Sub.

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250 Page 1314 As IntroducedReported by the Senate Housing Committee The credit for purchases of qualified low-income community 340369 investments under section 5729.16 of the Revised Code;

341370 The nonrefundable job retention credit under division (B) 342371 of section 122.171 of the Revised Code;

343372 The nonrefundable credit for investments in rural business 344373 growth funds under section 122.152 of the Revised Code;

345374 The nonrefundable Ohio low-income housing tax credit under 346375 section 5729.19 of the Revised Code;

347376 The nonrefundable affordable single-family home credit 348377 under section 5729.20 of the Revised Code;

349378 The nonrefundable credit for contributing capital to a 350379 transformational mixed use development project under section 351380 5729.18 of the Revised Code;

352381 The nonrefundable opportunity zone investment credit under 353382 section 5729.21 of the Revised Code;

354383 The nonrefundable promised land credit under section 355384 5729.21 of the Revised Code;

356385 The offset of assessments by the Ohio life and health 357386 insurance guaranty association against tax liability permitted 358387 by section 3956.20 of the Revised Code;

359388 The refundable credit for rehabilitating a historic 360389 building under section 5729.17 of the Revised Code;

361390 The refundable credit for Ohio job retention under former 362391 division (B)(2) or (3) of section 122.171 of the Revised Code as 363392 those divisions existed before September 29, 2015, the effective 364393 date of the amendment of this section by H.B.

64 of the 131st 365394 general assembly;

366395 S.Sub.

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250 Page 1415 As IntroducedReported by the Senate Housing Committee The refundable credit for Ohio job creation under section 367396 5729.032 of the Revised Code;

368397 The refundable credit under section 5729.08 of the Revised 369398 Code for losses on loans made under the Ohio venture capital 370399 program under sections 150.01 to 150.10 of the Revised Code.

371400 (B) For any credit except the refundable credits 372401 enumerated in this section, the amount of the credit for a 373402 taxable year shall not exceed the tax due after allowing for any 374403 other credit that precedes it in the order required under this 375404 section.

Any excess amount of a particular credit may be carried 376405 forward if authorized under the section creating that credit.

377406 Nothing in this chapter shall be construed to allow a taxpayer 378407 to claim, directly or indirectly, a credit more than once for a 379408 taxable year.

380409 Sec.

Terms used in this section have the same 381410 meanings as in section 122.84 of the Revised Code.

382411 There is hereby allowed a nonrefundable credit against a 383412 taxpayer's aggregate tax liability under section 5747.02 of the 384413 Revised Code for a taxpayer who is issued, or to whom is 385414 transferred, a tax credit certificate under section 122.84 or 386415 122.841 of the Revised Code.

The credit equals the amount stated 387416 on the certificate and may be claimed for the taxable year that 388417 includes the first day of the investment period or development 389418 period that was the subject of the application for the 390419 certificate under that the applicable section or for the ensuing 391420 taxable year.

For a credit issued under section 122.84 of the 392421 Revised Code during the July application round each year, the 393422 credit may also be claimed for the preceding taxable year.

A 394423 taxpayer applying a that credit for the preceding taxable year 395424 shall file an amended return or apply that amendment on the 396425 S.Sub.

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250 Page 1516 As IntroducedReported by the Senate Housing Committee taxpayer's original return, for that year.

397426 If the certificate is held by a pass-through entity, any 398427 taxpayer that is a direct or indirect investor in the pass- 399428 through entity on the last day of the entity's qualifying 400429 taxable year may claim the taxpayer's proportionate or 401430 distributive share of the credit against the taxpayer's 402431 aggregate amount of tax levied under section 5747.02 of the 403432 Revised Code.

404433 The credit shall be claimed in the order required under 405434 section 5747.98 of the Revised Code.

If the credit exceeds the 406435 taxpayer's aggregate tax due under section 5747.02 of the 407436 Revised Code for that taxable year after allowing for credits 408437 that precede the credit under this section in that order, such 409438 excess shall be allowed as a credit in each of the ensuing five 410439 taxable years, but the amount of any excess credit allowed in 411440 any such taxable year shall be deducted from the balance carried 412441 forward to the ensuing taxable year.

413442 No credit shall be claimed under this section to the 414443 extent the credit was claimed under section 5725.38, 5726.61, or 415444 5729.21 of the Revised Code.

416445 Sec.

(A) To provide a uniform procedure for 417446 calculating a taxpayer's aggregate tax liability under section 418447 5747.02 of the Revised Code, a taxpayer shall claim any credits 419448 to which the taxpayer is entitled in the following order:

420449 Either the retirement income credit under division (B) of 421450 section 5747.055 of the Revised Code or the lump sum retirement 422451 income credits under divisions (C), (D), and (E) of that 423452 section;

424453 Either the senior citizen credit under division (F) of 425454 S.Sub.

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250 Page 1617 As IntroducedReported by the Senate Housing Committee section 5747.055 of the Revised Code or the lump sum 426455 distribution credit under division (G) of that section;

427456 The dependent care credit under section 5747.054 of the 428457 Revised Code;

429458 The credit for displaced workers who pay for job training 430459 under section 5747.27 of the Revised Code;

431460 The twenty-dollar personal exemption credit under section 432461 5747.022 of the Revised Code;

433462 The joint filing credit under division (E) of section 434463 5747.05 of the Revised Code;

435464 The earned income credit under section 5747.71 of the 436465 Revised Code;

437466 The nonrefundable credit for education expenses under 438467 section 5747.72 of the Revised Code;

439468 The nonrefundable credit for donations to scholarship 440469 granting organizations under section 5747.73 of the Revised 441470 Code;

442471 The nonrefundable credit for tuition paid to a 443472 nonchartered nonpublic school under section 5747.75 of the 444473 Revised Code;

445474 The nonrefundable vocational job credit under section 446475 5747.057 of the Revised Code;

447476 The nonrefundable job retention credit under division (B) 448477 of section 5747.058 of the Revised Code;

449478 The enterprise zone credit under section 5709.66 of the 450479 Revised Code;

451480 The credit for beginning farmers who participate in a 452481 S.Sub.

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250 Page 1718 As IntroducedReported by the Senate Housing Committee financial management program under division (B) of section 453482 5747.77 of the Revised Code;

454483 The credit for commercial vehicle operator training 455484 expenses under section 5747.82 of the Revised Code;

456485 The nonrefundable welcome home Ohio (WHO) program credit 457486 under section 122.633 of the Revised Code;

458487 The nonrefundable credit for transformational mixed use 459488 development tax credit certificate holders under section 5747.87 460489 of the Revised Code;

461490 The credit for selling or renting agricultural assets to 462491 beginning farmers under division (A) of section 5747.77 of the 463492 Revised Code;

464493 The credit for purchases of qualifying grape production 465494 property under section 5747.28 of the Revised Code;

466495 The small business investment credit under section 5747.81 467496 of the Revised Code;

468497 The nonrefundable lead abatement credit under section 469498 5747.26 of the Revised Code;

470499 The opportunity zone investment credit under section 471500 5747.86 of the Revised Code;

472501 The nonrefundable promised land credit under section 473502 5747.86 of the Revised Code;

474503 The enterprise zone credits under section 5709.65 of the 475504 Revised Code;

476505 The research and development credit under section 5747.331 477506 of the Revised Code;

478507 The credit for rehabilitating a historic building under 479508 S.Sub.

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250 Page 1819 As IntroducedReported by the Senate Housing Committee section 5747.76 of the Revised Code;

480509 The nonrefundable Ohio low-income housing tax credit under 481510 section 5747.83 of the Revised Code;

482511 The nonrefundable affordable single-family home credit 483512 under section 5747.84 of the Revised Code;

484513 The nonresident credit under division (A) of section 485514 5747.05 of the Revised Code;

486515 The credit for a resident's out-of-state income under 487516 division (B) of section 5747.05 of the Revised Code;

488517 The refundable motion picture and broadway theatrical 489518 production credit under section 5747.66 of the Revised Code;

490519 The refundable jobs creation credit or job retention 491520 credit under division (A) of section 5747.058 of the Revised 492521 Code;

493522 The refundable credit for taxes paid by a qualifying 494523 entity granted under section 5747.059 of the Revised Code;

495524 The refundable credits for taxes paid by a qualifying 496525 pass-through entity granted under division (I) of section 497526 5747.08 of the Revised Code;

498527 The refundable credit under section 5747.80 of the Revised 499528 Code for losses on loans made to the Ohio venture capital 500529 program under sections 150.01 to 150.10 of the Revised Code;

501530 The refundable credit for rehabilitating a historic 502531 building under section 5747.76 of the Revised Code;

503532 The refundable credit under section 5747.39 of the Revised 504533 Code for taxes levied under section 5747.38 of the Revised Code 505534 paid by an electing pass-through entity.

506535 S.Sub.

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250 Page 1920 As IntroducedReported by the Senate Housing Committee (B) For any credit, except the refundable credits 507536 enumerated in this section and the credit granted under division 508537 (H) of section 5747.08 of the Revised Code, the amount of the 509538 credit for a taxable year shall not exceed the taxpayer's 510539 aggregate amount of tax due under section 5747.02 of the Revised 511540 Code, after allowing for any other credit that precedes it in 512541 the order required under this section.

Any excess amount of a 513542 particular credit may be carried forward if authorized under the 514543 section creating that credit.

Nothing in this chapter shall be 515544 construed to allow a taxpayer to claim, directly or indirectly, 516545 a credit more than once for a taxable year.

517546 Section 2.

That existing sections 5725.38, 5725.98, 518547 5726.61, 5726.98, 5729.21, 5729.98, 5747.86, and 5747.98 of the 519548 Revised Code are hereby repealed.

520549 Section 3.

This act shall be known as the Promised Land 521550 Act.

522551