The Job Creation Tax Credit is a refundable tax credit to
companies generally creating at least 10 new jobs (within three years) with a
minimum annual payroll of $660,000 that pay at least 150 percent of the federal
minimum wage. The tax credit is measured as a percentage of the state income
tax withholdings for all new employees hired under the program, and is applied
toward the company’s commercial activity tax liability. Should the amount of
the credit exceed the company’s commercial activity tax liability for any given
year, the difference is refunded. A business must apply for the credit before
committing to the project. Applicants must be approved through the Ohio Tax
Credit Authority before hiring begins.
For more information, see Ohio Development Services Agency.
11700 Springfield Pike, Springdale, Ohio 45246 Phone: (513) 346-5700 Fax: (513) 346-5745
11700 Springfield Pike Springdale, Ohio 45246 Phone: (513) 346-5700 Fax: (513) 346-5745
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