OH SB109

Establishes the Workforce Scholarship Program awarding up to $5,000 annually per eligible student pursuing in-demand job qualifications at five selected institutions, with scholarships not exceeding 75% of tuition costs.

Creates a nonrefundable tax credit for employers equal to 10% of wages paid to workforce scholarship graduates employed in in-demand jobs, claimable for up to 10 application periods following graduation.

Provides a nonrefundable personal income tax credit to graduates equal to 10% of principal and interest paid on eligible student loans during the first five taxable years after program completion.

Requires the Department of Higher Education to track metrics on scholarships awarded and graduate employment in in-demand jobs, with a cost-benefit analysis report due by December 31, 2022.

Terminates the scholarship program on December 31, 2023, by repealing the enabling statute, though current scholarship recipients may continue until completion of their qualifying degree or certification.