S.B. 145 Summary

• Creates a nonrefundable tax credit for employers in Ohio who hire "qualified reforming felons" (individuals convicted of felonies hired within one year of conviction or release from incarceration) beginning in tax year 2009.

• Credit amounts: 40% of wages (capped at $2,400) for employees working 400+ hours annually, or 25% of wages (capped at $1,500) for employees working 120-399 hours annually.

• Requires employees to be members of families with income at or below 70% of the federal lower living standard in the six months before hiring.

• Disqualifies credit claims for wages funded by federal on-the-job training programs, wages for services replacing struck/locked-out workers, and reduces credit proportionally if employment terminates before 12 months (except for voluntary termination, disability, death, or termination for cause).

• Allows unused credits to carry forward for five succeeding tax years and establishes a uniform credit application order for both corporate and pass-through entity tax returns; all related records are confidential and not public records.