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OH SB206
Bill
Status
8/22/2011
Primary Sponsor
Timothy Schaffer
Click for details
AI Summary
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Allows taxpayers to count employees provided through temporary or professional employment agencies toward job creation tax credit requirements under section 122.17 of the Revised Code.
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Defines "employment agency" to include entities providing employment services and professional employer organizations, and includes income tax withholdings from such agency-provided employees in calculations.
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Allows taxpayers to count hours worked by temporary or permanent personnel provided through employment agencies toward full-time equivalent employee calculations for job retention tax credit eligibility under section 122.171.
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Applies the same employment agency provisions to both job creation credits (which measure excess income tax revenue) and job retention credits (which require specific capital investment thresholds).
Legislative Description
To allow taxpayers to count employees employed through a temporary or professional employment agency toward the payroll and income tax withholding requirements of the job creation and job retention tax credits.
Job creation/retention tax credits-count employment agency-referred employees
Last Action
To Ways & Means & Economic Development
8/22/2011