Lawmakers Tweak Job Retention Tax Credit to Incentivize More Capital Investment

Ohio’s Fiscal Year 2022-23 budget makes modifications to the Job Retention Tax Credit (JRTC) with OMA-supported language that encourages more capital investment. The OMA was instrumental in changing the JRTC in the last budget to focus on manufacturers.

The changes in the new budget give the administration guidelines to use when vetting applications. An OMA task force worked with legislative staff to provide these criteria. 6/30/2021