INCENTIVE DESCRIPTION

State:	OH
Incentive Type:	Training Grants and Credits
Incentive Title:	Training Credits
Description:	TRAINING TAX CREDIT: Nonrefundable credits for employers that train existing employees who are at risk of losing their jobs primarily due to skill deficiencies.
Eligibility Requirements:	Businesses must conduct an eligible training program to correct identified skill deficiencies in its existing workforce. Training for management personnel is generally prohibited. $20 million in credits available annually with no single business receiving more than $100,000/year. Eligible taxpayers: -- Corps subject to OH franchise tax under Chapter 5733 of ORC -- Entities subject to dealers in intangibles tax under Chapter 5725 of ORC -- Domestic and foreign insurance companies subject to taxes assessed under sections 5725.1 to 5725.26 of ORC -- Sole proprietors subject to OH individual income tax under Chapter 5747 of ORC, and -- Pass-through entities having one or more investors listed above.
Geographic Restrictions:	Statewide
Granting Authority:	Department of Job and Family Services

The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com

Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives.