{"data":{"id":"us-oh/ohio-rev.-code-718.15","jurisdiction":"us-oh","citation":"Ohio Rev. Code § 718.15","heading":"Tax credit for businesses that foster new jobs in Ohio.","body":"A municipal corporation, by ordinance, may grant a refundable or nonrefundable credit against its tax on income to a taxpayer to foster job creation in the municipal corporation. If a credit is granted under this section, it shall be measured as a percentage of the new income tax revenue the municipal corporation derives from new employees of the taxpayer and shall be for a term not exceeding fifteen years. Before the municipal corporation passes an ordinance granting a credit, the municipal corporation and the taxpayer shall enter into an agreement specifying all the conditions of the credit.","path":["Title 7 Municipal Corporations","Chapter 718 Municipal Income Taxes"],"source_url":"https://codes.ohio.gov/ohio-revised-code/section-718.15","current_through":"2014-09-17 (House Bill 492 - 130th General Assembly)","vintage":"","retrieved_at":"2026-09-14T19:24:27Z","sha256":"50b6443c67bb19336517e1071af7320ab0fe66eaf63e3eafc92907a7d84deb30","source_id":"us-oh","stale":false,"prev":"us-oh/ohio-rev.-code-718.131","next":"us-oh/ohio-rev.-code-718.151"},"notice":"GroundRules: Original legal text. Not legal advice."}