OH SB191

Authorizes 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 economic impact, job creation, and availability of similar facilities within 50 miles.

Credits are refundable against Ohio's personal income tax and can be claimed by pass-through entity investors proportionally; aggregate credits statewide cannot exceed $3 million per fiscal year.

No credits allowed for taxable years beginning January 1, 2020 or later; credits cannot be claimed on expenditures that form the basis of credits under existing film production tax credit statute.

Director must submit biennial reports (starting October 31, 2016) to legislative committees evaluating credit effects including jobs created, payroll, infrastructure development, and sound recording industry economic impact.