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OH HB101
Bill
Status
2/15/2011
Primary Sponsor
Courtney Combs
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AI Summary
HB 101 Summary
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Establishes a six-year trial period allowing taxpayers to count remote workers in job creation and retention tax credit calculations, provided employees work primarily from home in Ohio and earn at least 300% of federal minimum wage.
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Limits remote worker inclusion to no more than 10% of total employees employed in the project and requires taxpayers to make specified capital investments (at least $50 million for manufacturers or $20 million for corporate administrative functions).
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Requires the Director of Development to submit a report by January 1 of the seventh year following the bill's effective date, detailing the number of agreements utilizing remote workers, employee counts, and project descriptions.
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Amends sections 122.17 and 122.171 of the Revised Code governing job creation and retention tax credits under Ohio's tax credit program administered by the Tax Credit Authority.
Legislative Description
To provide for a six-year trial period in which taxpayers may include a limited number of the 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/retention tax credit-for employees who work at home-trial period
Last Action
To Ways & Means
2/15/2011