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OH HB348

Bill

Official Source

Status

Engrossed

5/12/2010

Primary Sponsor

Denise Driehaus

Click for details

Origin

House of Representatives

128th General Assembly (2009-2010)

AI Summary

  • Increases the annual limit on tax credits the Ohio Venture Capital Authority may authorize from $20 million to $26.5 million per fiscal year
  • Increases the aggregate (total) limit on tax credits from $380 million to $550 million
  • Amends section 150.07 of the Revised Code governing tax credit authorization procedures
  • Tax credits may be claimed against refundable tax credits under sections 5707.031, 5725.19, 5727.241, 5729.08, 5733.49, and 5747.80 of the Revised Code
  • Maintains existing procedures for issuing tax credit certificates and limitations on when credits may be claimed (through June 30, 2026, or June 30, 2036 for certain loans)

Legislative Description

To increase the annual and aggregate limit on the amount of tax credits the Ohio Venture Capital Authority may authorize.

Ohio Venture Capital Authority-increase limits on tax credits

Last Action

To Finance & Financial Institutions

5/13/2010

Full Bill Text

No bill text available