Ohio § 718.151
Full text of Ohio Ohio Revised Code § 718.151, with citation guidance and answers to common questions.
§ 718.151.
A municipal corporation, by ordinance, may grant a refundable or nonrefundable credit
against its tax on income to a taxpayer for the purpose of fostering job retention
in the municipal corporation. If a credit is granted under this section, it shall be measured as a percentage
of the income tax revenue the municipal corporation derives from the retained employees
of the taxpayer, and shall be for a term not exceeding fifteen years. Before a municipal corporation passes an ordinance allowing such a credit, the municipal
corporation and the taxpayer shall enter into an agreement specifying all the conditions
of the credit.
Frequently Asked Questions About Ohio § 718.151
What does Ohio Revised Code § 718.151 cover?
Section 718.151 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 718.151?
A common citation format is "Ohio Revised Code § 718.151" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 718.151 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.