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OH HB329
Bill
Status
5/12/2010
Primary Sponsor
Gerald Stebelton
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AI Summary
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Establishes a six-year trial period allowing taxpayers to include remote-work employees earning at least 300% of the federal minimum wage in job creation and retention tax credit calculations, limited to 10% of total project employees.
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Remote employees must work exclusively from their Ohio residence for the project benefit and require taxpayers to meet specified capital investment thresholds: $50 million for manufacturers or $20 million for corporate administrative functions over three consecutive calendar years.
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Requires the Director of Development to submit a report by January 1 of the seventh calendar year after the bill's effective date detailing the number of agreements using remote employees, employee counts, and project descriptions.
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Applies only to tax years or calendar years ending before the beginning of the seventh year after the bill's effective date, after which remote employee inclusion provisions expire unless extended.
Legislative Description
To provide for a six-year trial period in which taxpayers may include a limited number of a taxpayer's employees who work from home and whose rate of pay is at least three times the federal minimum wage as employees employed in the project for purposes of the job creation and retention credits if the recipient of the credit provides a specified level of capital investment, and to require the Director of Development to issue a report at the end of the six-year period.
Job creation/job retention tax credits-include employees working from home
Last Action
To Ways & Means & Economic Development
5/13/2010