HB231

Ohio HB231 establishes a tax credit for employers offering paid parental leave.

Ohio HB231, known as the Paid Parental Leave Act, creates an income tax credit for employers who provide paid parental leave. Qualifying employers can claim a credit for parental leave benefits paid to employees following the birth, adoption, or stillbirth of a child. The credit is nonrefundable and must be claimed in a specific order relative to other credits. The maximum credit per employee per event is $300 per day, up to 56 days, or the actual amount paid, whichever is less. The credit is available for taxable years beginning on or after January 1, 2025.