SB 297 Summary

• Creates a job relocation exemption certificate program for qualifying nonprofit corporations that relocate at least 50 full-time positions from other states to Ohio within one year of establishing a physical presence in the state.

• Exempts qualifying nonprofits holding a job relocation certificate from sales and use taxes on tangible personal property and services.

• Establishes a nonrefundable income tax credit up to $1,500 for taxpayers paying tuition and fees for degree programs or specializations in nonprofit, public, or organizational management at eligible institutions.

• Establishes a nonrefundable income tax credit up to $500 (50% of expenses) for taxpayers completing professional certification programs in nonprofit management, including certifications as certified fund-raising executive, certified association executive, and others.

• Adds the new education credits to the tax credit priority order in section 5747.98 of the Revised Code.