OH SB153

Amends section 122.171 of the Revised Code to create alternative minimum employment and investment requirements for manufacturers to qualify for the Job Retention Tax Credit.

For manufacturers, allows qualifying through either $50 million in capital investment over three consecutive calendar years OR an amount equal to the lesser of $50 million or 5% of net book value of tangible personal property at the project site.

Maintains existing requirements for businesses engaged in significant corporate administrative functions: either 500+ full-time equivalent employees, $35 million+ annual Ohio employee payroll, or foreign trade zone location.

Requires taxpayers to maintain specified employment and payroll levels for the entire credit term and prohibits relocating substantial employment positions from elsewhere in Ohio without notifying affected local governments.

Establishes annual credit limits ($13 million for 2010; increasing $13 million annually through 2023; capped at $195 million annually from 2024 onward) and includes provisions for credit refunds if taxpayers fail to meet agreement requirements.