Ohio Administrative Code Search

...(A) The application for certification and each report submitted 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 an...

...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...

...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...

...(A) The investOhio program is a multistep process in which 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 enterp...

...(A) The investOhio program is a multistep process in which 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 en...

...(A) There are two parties that are required to register with the development services agency as part of the process of issuing a small business investment certificate, the eligible investor and the small business enterprise. Registration shall be accomplished using the Ohio business gateway at: http://business.ohio.gov, or the website address located at: http://invest.ohio.gov. (B) In order to re...

...(A) There are two parties that are to register with the department of development as part of the process of issuing a small business investment certificate, the eligible investor and the small business enterprise. Registration is to be accomplished using the Ohio business gateway at: http://business.ohio.gov, or the website address located at: http://invest.ohio.gov. (B) In order to register as a...

...(A) In order to complete an application for a qualifying investment, both the eligible investor and the potential small business enterprise have registered with the investOhio program and have received an investOhio user 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...

...(A) In order to complete an application for a qualifying investment, both the eligible investor and the potential small business enterprise have registered with the investOhio program and have received an investOhio user 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...

...(A) Within thirty days of the time of investment, or for an investment of money made prior to the first date in which the director begins to accept evidence under this division as determined by the director, the eligible investor must supply to the director evidence that the transfer of the investment of money has been made. The time of investment must occur within thirty days of the date supplied in the application....

...(A) Within thirty days of the time of investment, or for an investment of money made prior to the first date in which the director begins to accept evidence under this division as determined by the director, the eligible investor is to supply to the director evidence that the transfer of the investment of money has been made. The time of investment is to occur within thirty days of the date suppli...

...(A) Once the director has determined that the qualifying investment 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 o...

...(A) Once the director has determined that the qualifying investment 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 o...

...(A) In order for a business entity to qualify as a small business enterprise either its assets cannot exceed fifty million dollars or its annual sales cannot exceed ten million dollars. These calculations are to be made at the time of each qualifying investment and are to be calculated based upon generally accepted accounting principles. (B) In order for a business entity to qualify as a small bu...

...(A) In order for a business entity to qualify as a small business enterprise either its assets cannot exceed fifty million dollars or its annual sales cannot exceed ten million dollars. These calculations are to be made at the time of each qualifying investment and are to be calculated based upon generally accepted accounting principles. (B) In order for a business entity to qualify as a smal...

...(A) Annually on a date determined by the director and again upon the completion of the holding period for a qualifying investment that was given an investOhio transaction ID, the eligible investor shall supply to the director evidence of its continued ownership interest in the small business enterprise that was a party to the qualifying investment. (B) Annually on a date determined by the director an...

...(A) Annually on a date determined by the director and again upon the completion of the holding period for a qualifying investment that was given an investOhio transaction ID, the eligible investor will supply to the director evidence of its continued ownership interest in the small business enterprise that was a party to the qualifying investment. (B) Annually on a date determined by the dire...

...(A) A disqualification of a small business investment certificate may occur at 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 b...

...(A) A disqualification of a small business investment certificate may occur at 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 b...

...(A) Both eligible investors and small business enterprises shall be required to maintain records necessary to prove that they meet 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. ...

...(A) Both eligible investors and small business enterprises are required to maintain records necessary to prove that they meet 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 commiss...

...(A) The registration, validation of the investment of money, and validation of the allowed expenditures submitted by a eligible investor or small business enterprise pursuant 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 ...

...(A) The registration, validation of the investment of money, and validation of the allowed expenditures submitted by a eligible investor or small business enterprise pursuant 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 th...

...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...

...In the matter 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 grantee...