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Read. Follow. Verify.Ohio Senate Bill 110 Restructures Rural Business Growth Program Tax Credits and Adds Program Three Tiers
Last action · February 19, 2025: Referred to Ways and MeansSponsors: Jerry Cirino and 1 other
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What This Bill Would Do
Ohio Senate Bill 110 modifies the availability and eligibility criteria for tax credits awarded under the rural business growth program by establishing a new 'program three' tier, updating investment thresholds, and adjusting carry-forward limits for tax credits.
Changes the compliance requirements and investment geographic distribution rules for rural business growth funds and investors, affecting how tax credits are claimed and d under insurance and corporation taxes.
- The Ohio rural business growth program provides tax credits to private investors who contribute capital to funds making investments in eligible rural operating companies. context
- Revised Code sections 122.15 through 122.156 govern the certification, operation, reporting, and tax credit recapture of rural business growth funds in Ohio. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Rural business growth funds
Funds face modified certification limits, annual fee requirements, investment thresholds, and updated recapture and decertification rules.
Investors in rural business growth funds
Investors receive nonrefundable tax credits and are subject to updated carry-forward limits and certificate issuance schedules.
Operating companies in rural areas
Rural businesses are eligible to receive growth investments subject to new program-specific caps and employee wage tracking requirements.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is program three under the rural business growth program?
How long can program three tax credits be carried forward if they exceed tax liability?
What annual fee must certified rural business growth funds pay?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently in committee. The next step in the legislative lifecycle is Floor Vote.
Procedural history
2 actions- Feb 19, 2025SenateCommitteeReferred to Ways and Means
- Feb 18, 2025SenateIntroducedIntroduced
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Expansion into Program Three Structure
The legislation introduces a distinct third tier for rural business growth funds with higher investment authority limits and specific geographical mandates targeting tier four Appalachian and tier two/three rural areas.
Connected Entities
Sources
www.legislature.ohio.gov
Analysis Score
0–100- Significance60How much this matters to a regular citizen
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz20Current news / social attention level
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