OH SB322

Creates a new income tax withholding credit (section 5747.073) for manufacturers that expand production or restart production at an idle facility, available before January 1, 2016.

Manufacturer must meet two conditions: (1) expand production or restart at a facility idle for at least 12 months, and (2) increase wages by at least $750,000 above base-month wages within six months of restart/expansion.

Credit equals the amount of undeposited income taxes during a six-month credit period; retained taxes are treated as remitted for reporting purposes.

Includes a "clawback" provision requiring manufacturers to repay credits plus 10% penalty and interest if average monthly wages during the three-year period following the credit period fall below $1 million above base-month wages.

Amends sections 122.17 and 122.171 to reference the new credit and modify income tax revenue calculations to exclude withholdings claimed under section 5747.073.