OH HB571

Establishes a nonrefundable commercial activity tax credit for horizontal well employers that hire Ohio residents who have completed a federally registered apprenticeship program.

Credit amount is $2,500 per qualifying employee for calendar quarter taxpayers employed during the entire tax period, or $2,500 per qualifying employee hired during the calendar year and employed for at least three consecutive months for calendar year taxpayers.

Defines "horizontal well employee" as a full-time employee (35+ hours per week) domiciled in Ohio, paid at least 250% of federal minimum wage, primarily employed in horizontal well services, and has completed a qualified apprenticeship program registered under 29 C.F.R. 29.3.

Defines "horizontal well service" to include severance operations, well pad preparation, transportation of equipment and products, processing raw products to pipeline quality natural gas, and operating or servicing related equipment.

Adds the horizontal well employer credit to the tax credit hierarchy in Section 5751.98, positioning it fifth in the order of credits to be claimed, with excess amounts not carried forward.