OH HB269

Establishes a refundable income tax credit for individual investors in sound recording production companies equal to 25% of eligible expenditures exceeding $5,000, capped at $50,000 per production or project.

Requires Director of Development Services to certify sound recording productions and infrastructure projects as "tax credit-eligible" based on factors including impact on industry development, state employment, and economic effects.

Credit applicants cannot be persons owing certified debt to the attorney general or having discharged public fund obligations through bankruptcy.

Maximum aggregate credits certified statewide per fiscal year cannot exceed $3 million, awarded on a first-come, first-served basis, with no credits available for taxable years beginning after January 1, 2020.

Requires biennial reports (every even-numbered year starting 2016) to legislature evaluating credit effects including jobs created, payroll subject to tax, and sound recording infrastructure development.