Ohio Administrative Code Search

...Capitalized terms used in rules 122:24-1-01 to 122:24-1-14 of the Administrative Code 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 also means rental income. (B) "Applicati...

...ch the following acts must occur: (1) The small business enterprises and eligible investors that wish to participate in the program must register with the investOhio program. The registration process is further described in rule 122:24-1-03 of the Administrative Code. (2) A registered eligible investor and a registered small business enterprise must reach an agreement that permits the eligible i...

...hich the following acts are to occur: (1) The small business enterprises and eligible investors that wish to participate in the program are to register with the investOhio program. The registration process is further described in rule 122:24-1-03 of the Administrative Code. (2) A registered eligible investor and a registered small business enterprise are to reach an agreement that permits the el...

...s defined by division (A)(2) of section 122.86 of the Revised Code. If an eligible investor makes multiple investments with the same or different small business enterprises, the same investOhio user ID will be used for each application. (D) In order to register as a small business enterprise with the investOhio program in accordance with paragraph (A) of this rule, at the location denoted in para...

...fined by division (A)(2) of section 122.86 of the Revised Code. If an eligible investor makes multiple investments with the same or different small business enterprises, the same investOhio user ID will be used for each application. (D) In order to register as a small business enterprise with the investOhio program in accordance with paragraph (A) of this rule, at the location denoted in paragrap...

...r ID. This process is described in rule 122:24-1-03 of the Administrative Code. (B) Prior to submitting an application for a qualifying investment, the eligible investor and small business enterprise must have exchanged the information necessary to complete an application for a qualifying investment. Either party may apply under the investOhio program. The information necessary shall include: (...

...r ID. This process is described in rule 122:24-1-03 of the Administrative Code. (B) Prior to submitting an application for a qualifying investment, the eligible investor and small business enterprise are to have exchanged the information necessary to complete an application for a qualifying investment. Either party may apply under the investOhio program. The information necessary includes: (1) ...

...y can be found in paragraph (C) of rule 122:24-1-11 of the Administrative Code. (B) Within thirty days of the date in which the small business enterprise completes its expenditures pursuant to divisions (A)(1)(c)(i) to (A)(1)(c)(v) of section 122.86 of the Revised Code, or for expenditures made prior to the first date in which the director begins to accept evidence under this division as determined by the director, ...

...n be found in paragraph (C) of rule 122:24-1-11 of the Administrative Code. (B) Within thirty days of the date in which the small business enterprise completes its expenditures pursuant to divisions (A)(1)(d)(i) to (A)(1)(d)(v) of section 122.86 of the Revised Code, or for expenditures made prior to the first date in which the director begins to accept evidence under this division as determined b...

...tment meets the requirements of section 122.86 of the Revised Code and rule 122:24-1-05 of the Administrative Code, completes the review of the application, and following the end of the holding period, the small business investment certificate shall be issued to the eligible investor. Tax credits will only be available to the investor or identified owners of pass-through entities and only in propo...

...tment meets the requirements of section 122.86 of the Revised Code and rule 122:24-1-05 of the Administrative Code, completes the review of the application, and following the end of the holding period, the small business investment certificate is to be issued to the eligible investor. Tax credits will only be available to the investor or identified owners of pass-through entities and only in propo...

...e investOhio program, described in rule 122:24-1-03 of the Administrative Code, with the director. This report shall be in a format established by the director and shall provide the director with information necessary for the director to make a determination as to the entity's status as a small business enterprise as well as whether the entity is complying with requirements associated with its exp...

...he business is to meet division (A)(1)(c) of section 122.86 of the Revised Code as of the date of each qualifying investment. (C) A small business enterprise is to annually update its registration information for the investOhio program, described in rule 122:24-1-03 of the Administrative Code, with the director. This report is to be in a format established by the director and is to provide th...

...ions it funded pursuant to division (A)(1)(c) of section 122.86 of the Revised Code. (C) The director shall not issue a tax credit if an eligible investor fails to retain an ownership interest greater than or equal to that which it acquired as a result of the investment of money for the entirety of the holding period. (D) The director shall not issue a tax credit for property the small business ...

... it funded pursuant to division (A)(1)(c) of section 122.86 of the Revised Code. (C) The director will not issue a tax credit if an eligible investor fails to retain an ownership interest greater than or equal to that which it acquired as a result of the investment of money for the entirety of the holding period. (D) The director will not issue a tax credit for property the small business enterp...

... several points in the procedure: (1) During the process of applying for a small business investment certificate that is set forth in rule 122:24-1-04 of the Administrative Code, as such disqualification is further outlined in paragraph (B) of this rule; or (2) During the validation of the application for a small business investment certificate that is set forth in rule 122:24-1-05 of the Ad...

... several points in the procedure: (1) During the process of applying for a small business investment certificate that is set forth in rule 122:24-1-04 of the Administrative Code, as such disqualification is further outlined in paragraph (B) of this rule; or (2) During the validation of the application for a small business investment certificate that is set forth in rule 122:24-1-05 of the Ad...

...eet the various requirements of section 122.86 of the Revised Code. The burden of proof shall rest with the eligible investor and the small business enterprise and compliance with the suggestions below does not shift the burden of proof to the state, the director, or the tax commissioner. (B) All records must be preserved for a period of five years from the completion of the applicable holding period for the quali...

...eet the various requirements of section 122.86 of the Revised Code. The burden of proof rests with the eligible investor and the small business enterprise and compliance with the suggestions below does not shift the burden of proof to the state, the director, or the tax commissioner. (B) All records are to be preserved for a period of five years from the completion of the applicable holding period fo...

...suant to the rules set forth in Chapter 122:24-1 of the Administrative Code shall include an attestation that the document has been completed by an authorized representative of the entity required to complete the document or form that the information contained in the application or report is true, correct, and complete. (B) Either an eligible investor or a small business enterprise may apply for the small business ...

...t to the rules set forth in Chapter 122:24-1 of the Administrative Code will include an attestation that the document has been completed by an authorized representative of the entity required to complete the document or form that the information contained in the application or report is true, correct, and complete. (B) Either an eligible investor or a small business enterprise may apply for the ...

...As used in rules 122:28-1-02 to 122:28-1-05 of the Administrative Code: (A) "Authority" means the tax credit authority. (B) "Capital lease" and "operating lease" are to be construed in accordance with generally accepted accounting principles, and a capital lease is included in the capital investment project as defined in section 122.175 of the Revised Code. (C) "Director" means the direct...

...r of divisions (G) and (J) of section 122.175 of the Revised Code: (A) Grantees are to satisfy the statutory minimums. If grantees fail to timely meet the statutory minimums, the authority may terminate the data center tax exemption agreement and grantor will not issue tax exemption certificates to the original grantee or any supplemental grantee. The authority may also have the grantees refund the...

...n the matter of division (K) of section 122.175 of the Revised Code: (A) At the time each original grantee enters into the data center tax exemption agreement, the original grantee will pay to the development services agency a servicing fee, in an amount equal to four hundred dollars per year of the data center tax exemption agreement. A separate servicing fee, each calculated as described in the ...

..., as defined in division (A) of section 122.09 of the Revised Code. If there are multiple property owners within a project, only the property owners included in an application are eligible applicants and only the portions of a project associated with an eligible applicant or insurance company contributing capital are included for consideration as part of a project. (B) The project is either a ...