Ohio § 718.151 Tax credits to foster job retention

Ohio Statutes

§ 718.151 — Tax credits to foster job retention

Ohio § 718.151

Title 7Municipal Corporations

Ch. 718Municipal Income Taxes

This text of Ohio § 718.151 (Tax credits to foster job retention) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 718.151 (2026).

Text

A municipal corporation, by ordinance, may  grant a refundable or nonrefundable credit against its tax on  income to a taxpayer for the purpose of fostering job retention in  the municipal corporation. If a credit is granted under this  section, it shall be measured as a percentage of the income tax  revenue the municipal corporation derives from the retained  employees of the taxpayer, and shall be for a term not exceeding  fifteen years. Before a municipal corporation passes an ordinance  allowing such a credit, the municipal corporation and the taxpayer  shall enter into an agreement specifying all the conditions of the  credit.

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A municipal corporation, by ordinance, may grant a refundable or nonrefundable credit against its tax on income to a taxpayer for the purpose of fostering job retention in the municipal corporation. If a credit is granted under this section, it shall be measured as a percentage of the income tax revenue the municipal corporation derives from the retained employees of the taxpayer, and shall be for a term not exceeding fifteen years. Before a municipal corporation passes an ordinance allowing such a credit, the municipal corporation and the taxpayer shall enter into an agreement specifying all the conditions of the credit.