Ohio Revised Code Search

...iness concern or if the agency fails to timely issue the written opinion as required under this section, the business shall be considered a rural business concern for the purposes of sections 122.15 to 122.156 of the Revised Code.

...of a county, its per capita personal income is equal to or less than eighty per cent of the per capita personal income of the United States as determined by the most recently available data from the United States department of commerce, bureau of economic analysis as of the date the most recent federal decennial census was published. (ii) In the case of a municipal corporation, its per capita income is equal to or...

... and certify to the director of development an ordinance or resolution requesting that the director designate the site of a brownfield or former coal mine within the subdivision's territory as a priority investment area. The ordinance or resolution shall describe the boundaries of the proposed area and shall specify that qualifying property in the priority investment area shall be exempt from taxation for five years ...

... wage under 29 U.S.C. 206. (6) "Full-time equivalent employees" means the quotient obtained by dividing the total number of hours for which employees were compensated for employment in the project by two thousand eighty. "Full-time equivalent employees" excludes hours that are counted for a credit under section 122.171 of the Revised Code. (7) "Metric evaluation date" means the date by which the taxpayer must m...

...one, employs at least five hundred full-time equivalent employees, or has an annual Ohio employee payroll of at least thirty-five million dollars at the time the tax credit authority grants the tax credit under this section; (ii) The taxpayer makes or causes to be made payments for the capital investment project of at least twenty million dollars in the aggregate at the project site during a period of three consec...

...tion 122.173 of the Revised Code shall complete a grant request form, as prescribed by the director in consultation with the tax commissioner, and shall file the form with the tax return for the taxable year for which the grant is claimed. In no event shall the grant reduce a taxpayer's tax liability below the minimum tax owed for the taxable year. The grant request form shall provide the information required to allo...

...taxpayer is considered purchased at the time the agreement to acquire the property becomes binding. Any property that is manufactured or assembled primarily by the taxpayer is considered purchased at the time the taxpayer places the property in service in the county for which the taxpayer will calculate the county excess amount. (c) Notwithstanding section 179(d) of the Internal Revenue Code, a taxpayer's direct o...

...reated in the state treasury the tax incentives operating fund. The fund shall consist of any amounts appropriated to it and money credited to the fund pursuant to section 122.151, 122.154, 122.17, 122.171, 122.175, 122.85, 122.86, 3735.672, 5709.68, or 5725.33 of the Revised Code. The director of development services shall use money in the fund to pay expenses related to the administration of (A) the business servic...

...ble computer data center, the length of time the computer data center equipment will be exempted, and the first date on which the exemption applies. (3) A requirement that the computer data center remain an eligible computer data center during the term of the agreement and that the applicant maintain operations at the eligible computer data center during that term. An applicant does not violate the requirement des...

... unoccupied for the required length of time, the building first becomes "unoccupied" when its construction discontinues as determined by the person who owned the property at that time. (2) "Business park" means two or more buildings located on the same or adjacent parcels held under common ownership. (3) "Building" means a building as defined in section 3781.06 of the Revised Code the construction of which is ...

...t intern's school or, in the case of a home schooled student, an individual responsible for administering instruction to the student intern, acknowledging that the employment opportunity qualifies as a career exploration internship and expressing intent to advise the student intern as provided in division (E) of this section; (4) The name, address, and telephone number of the business; (5) Any other information r...

...ame and position, if applicable, at the time of submitting the application; (b) The actual amount the employer paid to the training provider for the training; (c) Evidence that the prospective or incumbent employee earned a microcredential; (d) Evidence that the prospective or incumbent employee is a resident of this state. (2) The amount of the reimbursement shall be not more than two thousand dollars for ea...

...government; (6) A state or local economic or workforce development agency; (7) A state board or local board; (8) The department of job and family services; (9) A business, trade, or industry association; (10) A charitable organization; (11) An economic development organization; (12) A nonprofit or community-based organization or intermediary; (13) The Ohio state university extension division e...

...ndividual's occupation and wages at the time of completing the survey. (H) The director shall include on the internet web site maintained by the department, and the governor's office of workforce transformation shall include on the office's internet web site and the OhioMeansJobs web site, all of the content created under division (G) of this section. (I) The director may adopt rules in accordance with Chapter ...

...general assembly a written report that compiles and includes information required in this section regarding the programs created under sections 122.178, 122.179, and 122.1710 of the Revised Code. (1) For the TechCred program created under section 122.178 of the Revised Code, the director shall include in the report required under division (A) of this section all of the following information: (a) The average per...

...er under this section. (H) If, at the time a platinum provider seeks reimbursement under division (F) of section 122.1710 of the Revised Code, the director determines that less than eighty per cent of individuals who participated in training programs provided by the platinum provider in the fiscal year earned a microcredential or that the platinum provider has failed to maintain the bond required under division (J)...

...es depending on the training program's completion rate: (1) If at least fifty per cent of the individuals who participated in the training program earned a microcredential, the director shall provide a subsequent advance payment to the institution in the amount specified in the application. (2) If less than fifty per cent of the individuals who participated in the training program earned a microcredential, to b...

...hority under this section. (5) "New income tax revenue" means the total amount withheld under section 5747.06 of the Revised Code by the tenant or tenants at a facility during a year from the compensation of new employees for the tax levied under Chapter 5747. of the Revised Code. (6) "Retained income tax revenue" means the total amount withheld under section 5747.06 of the Revised Code from employees retained at a...

...evised Code; (2) A community improvement corporation as described in section 1724.01 of the Revised Code; (3) A community-based organization or action group that provides social services and has experience in economic development; (4) Any other nonprofit economic development entity; (5) A county, township, or municipal corporation if it designates itself. (C) "Eligible area" means a distressed area, a ...

...eby created to promote economic development and improve the economic welfare of the people of the state, which shall be accomplished by the department of development awarding grants to eligible applicants for use in an eligible area for any of the following purposes: (1) Land acquisition; (2) Infrastructure improvements; (3) Voluntary actions undertaken on property eligible for the voluntary action program created...

...ules adopted under this division shall comply with sections 122.19 to 122.22 of the Revised Code and shall include a rule requiring that an eligible applicant who receives a grant from the program provide a matching contribution of at least twenty-five per cent of the amount of the grant awarded to the eligible applicant. The rules shall require that any eligible applicant for a grant for land acquisition demonstr...

...the applicant's past performance in economic development projects. (B) In order for an applicant to be eligible for a grant under section 122.20 of the Revised Code, the governing body of the entity that has been designated as an eligible area by the director of development in accordance with division (A) of section 122.21 of the Revised Code shall, by resolution or ordinance, do all of the following: (1) Designate...

... (2) It has a per capita personal income equal to or less than eighty per cent of the per capita personal income of the United States as determined by the most recently available data from the United States department of commerce, bureau of economic analysis as of the date the most recent federal decennial census was published. (3) Its ratio of personal current transfer receipts to total personal income is equa...

...To promote economic development in rural areas and to improve the economic welfare of the people of the state, the director of development shall administer the rural industrial park loan program, which is hereby established in accordance with Ohio Constitution, Article VIII, Section 13, to assist eligible applicants in financing the development and improvement of industrial parks by providing financial assistance in ...

...ndustrial parks would be considered to compete against one another for the purposes of division (B)(2) of section 122.27 of the Revised Code; (e) Any other rules necessary to implement and administer the program. (B) The director may adopt rules establishing requirements governing the use of any industrial park site receiving assistance under section 122.24 of the Revised Code, such that a certain portion of th...