OH HB277

Authorizes a $2,400 income tax withholding credit for employers who hire previously unemployed individuals between January 1, 2010 and January 1, 2011.

Employee must have been unemployed for four consecutive weeks immediately preceding hire and employed for 24 consecutive months at compensation equal to or greater than average monthly unemployment benefits.

Employee must be lawfully employable in the United States and a state resident, verified through the federal E-Verify system or successor.

Credit is applied against the employer's remittance of undeposited taxes due for the partial weekly withholding period that includes the employee's 24th month of employment, with excess credit carried forward to subsequent periods.

Employer must execute a notarized statement affirming use of E-Verify or successor system for employment eligibility verification and make statement available to tax commissioner upon request.