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OH HB327
Bill
Status
9/6/2012
Primary Sponsor
Matthew Lynch
Click for details
AI Summary
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Authorizes a job creation tax credit for employers who hire home-based employees (those working primarily from their residence in Ohio at least 131% of federal minimum wage) for projects that increase payroll and income tax revenue.
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Requires separate tax credit agreements for employers with both home-based and non-home-based employees, with home-based employee credits limited to a term expiring before the seventh year after the bill's effective date.
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Mandates employers achieve at least 200 more employees than they had on June 30, 2011, before claiming the home-based employee credit and requires annual reporting on employee numbers to the Department of Development.
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Allows the Director of Development to require home-based employee tax credit agreements to include provisions for health care benefits and tuition reimbursement to all employees.
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Requires the Director of Development to submit a report to legislative leadership by January 1st of the seventh year following enactment analyzing the home-based employment tax credit program, including job creation numbers and comparison to other states' home-based employment incentives.
Legislative Description
To authorize employers who meet certain wage and other requirements to receive a job creation tax credit for the employment of home-based employees and to require the Director of Development to issue a report on the credit after six years.
Experimental tax credit-employ home-based employees/report
Last Action
Effective Date
9/6/2012