Ohio Administrative Code Search

...term to be granted to a taxpayer: (1) The number of full-time equivalent employees to be created; (2) The average hourly wage rate, excluding benefits, of the full-time equivalent employees to be created; (3) The total fixed-asset investment amount the taxpayer will make or cause to be made in the project; (4) The number of full-time equivalent employees to be retained at the proje...

... as defined in division (A) section 122.17 of the Revised Code, the average hourly wage of the full-time equivalent employees, the amount of any transferred payroll during the tax year, the original cost of fixed-asset investment made at the project location, and any other information the director deems necessary to perform the director's duties under section 122.17 of the Revised Code. Each t...

... as defined in division (A) section 122.17 of the Revised Code, the average hourly wage of the full-time equivalent employees, the amount of any transferred payroll during the tax year, the original cost of fixed-asset investment made at the project location, and any other information the director deems necessary to perform the director's duties under section 122.17 of the Revised Code. Each t...

...ll contain the following information: (1) The number of full-time equivalent employees and employment positions that will be relocated; (2) The payroll attributable to the relocated employees and relocated employment positions; (3) The business reason for the relocation of employees or employment positions; and (4) The location of the project location. (B) If a taxpayer or affiliated enti...

...ll contain the following information: (1) The number of full-time equivalent employees and employment positions that will be relocated; (2) The payroll attributable to the relocated employees and relocated employment positions; (3) The business reason for the relocation of employees or employment positions; and (4) The location of the project location. (B) If a taxpayer or affiliated enti...

...the employer's training expenses. (1) The employer is to submit the expense report form to the director of development by the time and in the manner identified on the form in order to be considered received by the director. (2) The director of development may recapture a tax credit allocation if the expense report form is not submitted to the director by the time and in the manner indicated ...

...d/or payment bond. (D) "Loss" means: (1) In the case of a bid bond, the lesser of the penal sum or the amount which is the difference between the bonded bid and the next higher responsive bid. In either case, the loss is reduced by any amounts the surety recovers by reason of the principal's defenses against the obligee's demand for performance by the principal and any sums the surety recovers from indemnitors and ...

...As used in rules 122:16-1-02 to 122:16-1-07 of the Administrative Code: (A) "Affiliated entities" means any person that (directly or indirectly) owns or controls, is owned or controlled by, or is under common ownership or control with, the taxpayer. For purposes of this definition, the term "own" means to own an equity interest (or the equivalent thereof) of fifty per cent or more. (B) "Amendment"...

...nder paragraphs (A) and (D) of rule 122:16-1-05 of the Administrative Code. If an annual report or annual certification submitted to the director is not complete, the director, or his or her designee shall notify the taxpayer of the deficiencies in the submission, and the taxpayer shall have 30 days from the date of the notice to provide supplemental information to the director that completes the ...

...the director's duties under section 122.171 of the Revised Code. Each taxpayer's report shall be certified as accurate and complete by the original signature of any authorized officer of the taxpayer. (B) If a taxpayer uses a professional employer organization as defined in section 4125.01 of the Revised Code in conjunction with the project as authorized under section 4125.042 of the Revised Code...

...ll contain the following information: (1) The number of full-time equivalent employees and employment positions that will be relocated; (2) The payroll attributable to the relocated employees; (3) The business reason for the relocation of employees; and (4) The location of the project site. (B) A taxpayer or affiliated entity that relocates any employment position(s) from other operations...

...Capitalized terms used in rules 122:19-1-01 to 122:19-1-08 shall have the following meaning: (A) "Amendment" means any modification to the project, as described in an approved application including, but not limited to, changes in applicant, scope of the project, timeline for completion, changes in financing, the rehabilitation activities or end use. (B) "Applicant" means the owner or qualified lessee of a historic ...

...ordance with division (B)(2) of section 149.311 of the Revised Code. To fulfill this requirement, the director may consider an applicant's estimate of qualified rehabilitation expenditures and requested tax credits set forth in the application in addition to the detailed scoring criteria in the program policies when making a final determination. (C) The director shall prepare and evaluate a cost-benefit analysis in ...

...et forth in division (B) of section 122.85 of the Revised Code and the budgetary requirements of division (C) of section 122.85 of the Revised Code. (1) Documentation that shows the applicant has secured funding equal to at least fifty per cent of the total estimated production budget as required by division (B) of section 122.85 of the Revised Code can be evidenced by any one or a combinatio...

...accountant's report as provided in rule 122:21-1-04 of the Administrative Code, the director will issue a credit certificate in an amount equal to thirty per cent of the lesser of the budgeted eligible production expenditures stated in the application and the director's certification of the tax credit-eligible production or the actual eligible production expenditures incurred and certified by the ...

... fee in the amount set forth in section 122.852 of the Revised Code to the director prior to the end of the application period. (C) Application eligibilty review. Following the close of an application period, the director will review applications for completeness and eligibility for scoring and ranking. (1) If the information submitted in an application is complete, the applicant will be no...

...s, rules, and guidance exist on October 16, 2009. (A) "Allocation agreement" means a written agreement between the director and a state allocatee specifying the terms and conditions associated with the receipt of the credit allocation pursuant to sections 5725.33, 5726.54, 5729.16, and 5733.58 of the Revised Code and rules 122:22-1-01 to 122:22-1-08 of the Administrative Code. (B) "Allocation date" means the effec...

...director as required under division (A)(1) of section 5725.33 of the Revised Code.

...f the Internal Revenue Code and section 1.45 D-1(e)(2) of Title 26 of the Code of Federal Regulations, as such federal laws and regulations exist on the effective date of the enactment of section 5725.33 of the Revised Code, October 16, 2009. Such notice shall be given in writing and submitted to the director promptly, but in any event within thirty days of the recapture event. (C) In the event of any recapture purs...

...sion or application of any of the rules 122:22-1-01 to 122:22-1-08 of the Administrative Code is determined to be invalid or unenforceable, such determination shall not affect the remainder of such rule, other application of the rule, or application of other rules of this chapter, which shall be applied as if the invalid or unenforceable portion, application or references to the invalid or unenforceable portion did n...

...(A) As used in rules 122:23-1-01 to 122:23-1-10 of the Administrative Code: (1) "Applicant" means a person who applies to the director for certification of an energy project as a qualified energy project. As used in this chapter of the Administrative Code, "applicant" also includes a person who receives a certification of an energy project as a qualified energy project and any subsequent owner or...

... to supply electricity before December 31, 2009. "Supply electricity" has the same meaning as "supplying of electricity" set forth in division (A) of section 5727.02 of the Revised Code. (D) A board of county commissioners to which an application for certification is forwarded for review as provided in division (E)(1)(b) of section 5727.75 of the Revised Code may request an extension of time ...

...tion if requested, the following: (1) All licenses, permits, and other approvals required for the operation of the energy project have been obtained (or renewed) or will be obtained (or renewed) as and when required. (2) Applicant has made annual service payments as required by division (G) of section 5727.75 of the Revised Code and, if applicable, any additional payments required by resolution ...

...itted by an applicant pursuant to rules 122:23-1-01 to 122:23-1-10 of the Administrative Code shall include a certification signed by an authorized representative of the applicant that the information contained in the application or report is true, correct, and complete. (B) If the applicant fails to submit to the director any report as and when the report is due, or if the applicant submits a report...

...Capitalized terms used in rules 122:24-1-01 to 122:24-1-14 shall have the following meaning: (A) "Annual" sales means the gross sales of the small business enterprise using generally accepted accounting principles for the twelve months preceding the date of the investment of money. For entities that engage in the rental of assets, sales shall also mean rental income. (B) "Application" means the pr...