Ohio Revised Code Search

... (A) There is hereby allowed a nonrefundable tax credit for owners of tax credit certificates issued by the development services agency under division (B) of this section. The credit may be claimed against the tax imposed by section 3901.86, 5725.18, 5729.03, or 5729.06 of the Revised Code. (B) On the closing date, a taxpayer that made a credit-eligible capital contribution to a rural business growth fund shall b...

...(A) The department of development shall not be required to issue a tax credit certificate under section 122.152 of the Revised Code if either of the following applies: (1) The credit-eligible capital contribution was made in a program one rural business growth fund that fails to: (a) Invest fifty per cent of its eligible investment authority in growth investments within one year of the closing date; and (b) Inv...

... (A) Each rural business growth fund shall submit a report to the department of development on or before the first day of each March following the end of the calendar year that includes the closing date until the calendar year after the fund has decertified. The report shall provide an itemization of the fund's growth investments and shall include the following documents and information: (1) A bank statement evide...

... (A)(1) For each calendar year in which a rural business growth fund makes or maintains a growth investment in a rural business concern in this state, the fund shall determine the number of new full-time equivalent employees produced at the business concern as a result of the investment. New full-time equivalent employees shall be computed by subtracting the number of full-time equivalent employees at the rural busi...

...A rural business growth fund, before investing in a business, may request a written opinion from the department of development as to whether the business qualifies as a rural business concern based on the criteria prescribed by section 122.15 of the Revised Code. The request shall be submitted in a form prescribed by rule of the agency. The agency shall issue a written opinion to the fund within thirty business days ...

... (A) As used in this section: (1) "Distressed area" means either a municipal corporation that has a population of at least fifty thousand according to the most recent federal decennial census published by the United States census bureau, or a county, that meets at least two of the following criteria: (a) Its average rate of unemployment, during the most recent five-year period for which local area unemployment ...

... (A) As used in this section: (1) "Subdivision" means a municipal corporation, township, or county. (2) "Legislative authority" means the legislative authority of a municipal corporation, a board of the township trustees, or a board of county commissioners. (3) "Subdivision's territory" means, in the case of a municipal corporation, the territory of the municipal corporation; in the case of a township, the unin...

... (A) As used in this section: (1) "Payroll" means the total taxable income paid by the employer during the employer's taxable year, or during the calendar year that includes the employer's tax period, to each employee or each home-based employee employed in the project to the extent such payroll is not used to determine the credit under section 122.171 of the Revised Code. "Payroll" excludes amounts paid before th...

... (A) As used in this section: (1) "Capital investment project" means a plan of investment at a project site for the acquisition, construction, renovation, or repair of buildings, machinery, or equipment, or for capitalized costs of basic research and new product development determined in accordance with generally accepted accounting principles, but does not include any of the following: (a) Payments made for th...

...(A) As used in this section, "tax liability" means the tax owed under section 5733.06 or 5747.02 of the Revised Code after allowance of all nonrefundable credits and prior to the allowance of all refundable credits. The tax owed under section 5733.06 of the Revised Code shall take into account any adjustments to such tax required by division (G) of section 5733.01 of the Revised Code that apply prior to allowance of ...

... (A) As used in this section: (1) "Manufacturing machinery and equipment" means engines and machinery, and tools and implements, of every kind used, or designed to be used, in refining and manufacturing. "Manufacturing machinery and equipment" does not include property acquired after December 31, 1999, that is used: (a) For the transmission and distribution of electricity; (b) For the generation of electrici...

... There is hereby created 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) t...

...(A) As used in this section: (1) "Capital investment project" means a plan of investment at a project site for the acquisition, construction, renovation, expansion, replacement, or repair of a computer data center or of computer data center equipment, but does not include any of the following: (a) Project costs paid before a date determined by the tax credit authority for each capital investment project; (b) Pa...

...(A) For purposes of this section: (1) "Vacant commercial space" means space that has been unoccupied and available for use in a trade or business for the twelve months immediately preceding the lease or purchase date described in division (B) of this section, located in either of the following: (a) A building, seventy-five per cent or more of the square footage of which has been unoccupied and available for u...

...(A) As used in this section: (1) "Business" means a sole proprietorship, a corporation for profit, or a pass-through entity as defined in section 5733.04 of the Revised Code. (2) "Career exploration internship" means a paid employment relationship between a student intern and a business in which the student intern acquires education, instruction, and experience relevant to the student intern's career aspirations. ...

...(A) As used in this section, "microcredential" means an industry-recognized credential or certificate that an applicant may complete in not more than one year and that is approved by the chancellor of higher education. (B) There is hereby created the TechCred program to reimburse employers from appropriations made for that purpose for training costs for prospective and incumbent employees to earn a microcredential....

...(A) As used in this section: "Charitable organization" has the same meaning as in section 1716.01 of the Revised Code. "Independent college or university" means a nonprofit institution of higher education that has a certificate of authorization under Chapter 1713. of the Revised Code. "Industry sector partnership" means a workforce collaborative that organizes key leaders and stakeholders of an industry cluster...

... (A) As used in this section: (1) "Low-income individual" has the same meaning as "low-income person" in section 122.66 of the Revised Code. (2) "Microcredential" has the same meaning as in section 122.178 of the Revised Code. (3) "OhioMeansJobs web site" has the same meaning as in section 6301.01 of the Revised Code. (4) "Partially unemployed" and "totally unemployed" have the same meanings as in section...

...(A) Beginning on the first day of August immediately following the effective date of this section, and every August first thereafter, the director of development services shall submit to the 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 c...

... (A) As used in this section: (1) "Fiscal year" means the fiscal year of this state as specified in section 9.34 of the Revised Code. (2) "Individual microcredential assistance program" means the individual microcredential assistance program created under section 122.1710 of the Revised Code. (3) "Microcredential" has the same meaning as in section 122.178 of the Revised Code. (4) "Training provider" means al...

... (A) As used in this section: (1) "Fiscal year" means the fiscal year of this state as specified in section 9.34 of the Revised Code. (2) "Individual microcredential assistance program" means the individual microcredential assistance program created under section 122.1710 of the Revised Code. (3) "Microcredential" has the same meaning as in section 122.178 of the Revised Code. (4) "State institution of higher...

...(A) As used in this section: (1) "Facility" means all real property and interests in real property owned by either of the following: (a) A landlord and leased to a tenant pursuant to a project that is the subject of an agreement under this section; (b) The United States or any department, agency, or instrumentality of the United States. (2) "Full-time employee" has the same meaning as under section 122.17 of the ...

... As used in sections 122.19 to 122.22 of the Revised Code: (A) "Distressed area" has the same meaning as in section 122.16 of the Revised Code. (B) "Eligible applicant" means any of the following that are designated by the legislative authority of a county, township, or municipal corporation as provided in division (B)(1) of section 122.22 of the Revised Code: (1) A port authority as defined in division (A) ...

...(A) The urban and rural initiative grant program is hereby 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 pro...

... In administering the urban and rural initiative grant program created under section 122.20 of the Revised Code, the director of development shall do all of the following: (A) Designate, within three months after the publication of each decennial census by the United States census bureau, the entities that constitute the eligible areas in this state; (B) Adopt rules in accordance with Chapter 119. of the Revise...