OH SB120

Increases the total amount of tax credits that may be issued under the Technology Investment Tax Credit Program from $45 million to $145 million.

Allows investors to claim tax credits for investments in Ohio entities engaged in qualified trades or businesses, subject to eligibility requirements including investment size limits and holding period restrictions.

Maintains existing requirements that investments be structured as ownership interests, remain at risk for at least three years, and be made by non-insiders who are not employees with proprietary decision-making authority in the target entity.

Preserves the per-entity investment cap of $1.5 million and requires applications to be approved by Edison centers, an industrial technology and enterprise advisory council committee, and the director of development.