Ohio Job Creation Tax Credit
- A corporate franchise tax credit based upon new taxes paid to the State by employees new to Ohio, minimum required is 25 jobs at an average 150% of Federal minimum wage.
- The credit percentage is variable but usually is within the 50% to 75% range; the program has a term of up to 10 years.
- Contact: ODOD, OFI at 1-800-848-1300 or (614) 466-5420
Manufacturing Machinery & Equipment (M&E) Investment Tax Credit:
- A one time corporate franchise tax credit of 7.5% or 13.5% (depending on location) for machinery and equipment investment above a 3 year average.
- Contact: ODOD at 1-800-848-1300 or (614) 664-8560