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OH HB357
Bill
Status
10/26/2011
Primary Sponsor
Lorraine Fende
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AI Summary
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Requires JobsOhio and state economic development agencies to obtain Controlling Board approval before providing economic development assistance to recipients who relocate employment positions between taxing districts or eliminate positions at existing locations.
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Defines economic development assistance as grants, loans, guarantees, or job creation or retention tax credits authorized by state law.
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Allows Controlling Board approval only if the agency demonstrates good cause for relocation or elimination, including substantial enhancements to production or employment, more efficient infrastructure utilization, enhanced transportation capacity, or other causes recognized by the board.
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Requires agencies to submit information to the Controlling Board including number of positions relocated or eliminated, positions created at new location, payroll changes at both locations, estimated tax revenue decreases at original location, estimated tax revenue increases at new location, and explanation of relocation or elimination benefits.
Legislative Description
To require JobsOhio and state agencies offering economic development assistance to obtain Controlling Board approval before providing economic development assistance to a person who, at or near the time of receiving the assistance, relocates employment positions from one taxing district to another or eliminates positions at an existing location.
Economic development assistance-Controlling Board approve if relocate/eliminate jobs
Last Action
To Finance & Appropriations
10/26/2011