OH SB187

Creates a refundable income tax credit equal to 25% of eligible expenditures over $10,000 for investors in Ohio sound recording production companies (sole proprietorships or pass-through entities)

Caps the credit at $75,000 per production or infrastructure project, with a statewide annual limit of $1 million in total credits awarded on a first-come, first-served basis

Applies to sound recording productions (music, poetry, spoken performances) recorded in Ohio and capital projects to construct or improve recording infrastructure

Requires Director of Development certification of eligible productions/projects within 180 days of complete application, considering factors like employment impact and economic benefit to Ohio

Credit expires for taxable years beginning on or after January 1, 2029, with biennial evaluation reports required through October 31, 2030