Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Refundable tax credits for Ohio businesses creating full-time jobs, with credit amounts based on jobs created, wages paid, and a competitiveness factor determined by the Tax Credit Authority.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Must create at least 10 new full-time jobs (5 in distressed areas) within 3 years
2.New jobs must pay at least 150% of federal minimum wage with benefits
3.Credit: percentage of employee Ohio income tax withheld for up to 15 years
4.Refundable: if credit exceeds tax liability, excess paid as refund
5.Must apply before beginning project; approved by Tax Credit Authority board
LPO · United States
Offers federal loan guarantees for innovative clean energy projects that struggle to access conventional financing. Supports first-of-kind commercial-scale projects in renewable energy, storage, advanced nuclear, and industrial decarbonization.
NYSDEC · New York
Provides transferable tax credits for remediating contaminated brownfield sites and redeveloping them for residential, commercial, or industrial use, with enhanced credits for affordable housing and green buildings.
NCDOR · North Carolina
Provides state income tax credits for investments in renewable energy equipment and energy efficiency improvements for business properties in North Carolina, stackable with federal ITC.