OH HB197

Establishes a temporary income tax credit for employers who train employees to obtain or operate commercial driver's licenses for calendar years 2021 through 2024.

Employers may apply to the Director of Development Services by December 1st each year to certify training expenses estimated for the following year, with a $50,000 per-employer annual limit and $3,000,000 total annual cap.

Approved employers receive a nonrefundable tax credit equal to one-half of actual certified training expenses incurred, claimed between January 1-21 following the year expenses were incurred.

Credits may be carried forward for five taxable years if they exceed tax liability, and are positioned in the tax credit order after enterprise zone credits but before grape production and small business investment credits.

Director must submit annual reports to the General Assembly on total employees trained, tax credits issued, and other pertinent information.