As passed in 2022, Senate Bill 166, the Tax Credit Certificate Program allows a nonrefundable credit against a taxpayer’s aggregate tax liability for a taxpayer that holds a tax credit certificate issued by the Ohio Department of Education and employs an eligible student employee.
The credit equals the amount listed on the certificate and shall be claimed for the taxable year that includes the last day of the calendar year for which the certificate was issued.
The credit shall be claimed in the order required under R.C. 5747.98.
More information about this program can be found by clicking here.
Authors: Matthew John Markling and the McGown & Markling Team.
Note: This blog entry does not constitute – nor does it contain – legal advice. Legal jurisprudence is like the always changing Midwestern weather. As a result, this single blog entry cannot substitute for consultation with a McGown & Markling attorney. If legal advice is needed with respect to a specific factual situation, please feel free to contact a McGown & Markling attorney.