Am. H. B. No. 514 Summary

• Authorizes supplemental grants equal to one-half of Ohio College Opportunity Grants for students who previously completed an associate's degree and are pursuing a bachelor's degree.

• Establishes a Choose Ohio First Scholarship subprogram providing loans of $10,000 to eligible STEM applicants, with forgiveness up to 100% if borrowers remain Ohio residents for three years after graduation.

• Creates refundable tax credits for employers hiring interns, equaling 30% of intern wages or salaries paid during the calendar year, applicable to both individual income tax and corporate franchise tax.

• Allows college graduates (as of January 1, 2023) to deduct wages, salaries, and self-employment income for up to three taxable years following graduation.

• Appropriates $100,000 for fiscal years 2022 and 2023 to the Department of Higher Education for the Ohio College Opportunity Grant Supplement program.