OH HB231

Creates a nonrefundable income tax credit for employers who provide at least 56 days of paid parental leave to employees following birth, adoption, or stillbirth of a child

Credit equals the lesser of actual parental leave benefits paid or $300 per day of leave, with a maximum of $54,000 per employer per taxable year

Qualifying employers must be registered with the federal E-Verify employment verification program and must pay employees their full regular compensation during leave without deducting from other paid time off

Unused credit amounts may be carried forward for up to three taxable years

Requires the Tax Commissioner to report annually to legislative committees on the number of taxpayers claiming the credit and total credit value; applies to taxable years beginning on or after January 1, 2025