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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 In2020
Program nameJob Retention Credit
Program purpose: Job Creation/Retention
Statutory authority: Ohio Revised Code 122.171
Abating jurisdiction(s): State of Ohio
Applicable taxesIncome Tax; Insurance Tax; Financial Institutions Tax; Foreign Insurance Tax; Petroleum Activity Tax; Commercial Activity Tax
Method of abatement: Tax Credit
Provisions for recapture: The tax abatements are subject to recapture if the taxpayer fails to maintain operations at the project location, or has failed to meet its commitments, which information should be included in annual reports the taxpayer is required to file.
Gross revenue loss: $36,786,000
Reimbursement / offset: $0
Net revenue loss: $36,786,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://obm.ohio.gov/areas-of-interest/state-accounting/financial-report...