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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.

StateOhio
Effected JurisdictionOhio
Jurisdiction type: State
Fiscal year ending In2019
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 taxesInsurance Tax; Financial Institutions Tax; Foreign Insurance Tax; Income Tax
Method of abatement: Tax Credit
Provisions for recapture: No credits will be issued until a minimum of $300 thousand in eligible expenditures have been made.
Gross revenue loss: $14,050,000
Reimbursement / offset: $0
Net revenue loss: $14,050,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://obm.ohio.gov/areas-of-interest/state-accounting/financial-report...