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2010 Ohio Revised Code
Title [7] VII MUNICIPAL CORPORATIONS
Chapter 718: MUNICIPAL INCOME TAXES
718.151 Tax credits to foster job retention.

718.151 Tax credits to foster job retention.

A municipal corporation, by ordinance, may grant a nonrefundable credit against its tax on income to a taxpayer that also receives a tax credit under section 122.171 of the Revised Code. 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.

Effective Date: 09-26-2003

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