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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionOhio
Jurisdiction type: State
Fiscal year ending In2018
Program nameMotion Picture Tax Credit
Program purpose: Film, TV, and/or media
Statutory authority: Ohio Revised Code 122.85
Abating jurisdiction(s): State of Ohio
Applicable taxesIncome Tax; Insurance Tax; Financial Institutions Tax; Foreign Insurance Tax
Method of abatement: Tax Credit
Provisions for recapture: No Tax Credits may be taken until the production is complete and a report has been filed showing the expenses that were incurred, which provides the basis for determining the amount of the Tax Credit. The Department of Taxation has the authority, under Ohio Revised Code 122.85(C)(3), to examine the claimed expenses for validity.
Gross revenue loss: $15,839,000
Reimbursement / offset: $0
Net revenue loss: $15,839,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://obm.ohio.gov/areas-of-interest/state-accounting/financial-report...