Ohio SB464 allows a tax credit for compensation paid to skilled trades instructors on release time.

Ohio SB464 amends the state's tax code to allow a refundable tax credit for employers who pay compensation to skilled trades instructors while they are on release time. This credit applies to instructors participating in programs that prepare individuals for construction or manufacturing occupations. Eligible expenses include wages, fringe benefits, and other direct costs. The credit is limited to $150 per hour of release time, with a maximum of $50,000 per employer per year.

Ohio SB464 allows a tax credit for compensation paid to skilled trades instructors on release time.

Ohio SB464 amends the state's tax code to allow a refundable tax credit for employers who pay compensation to skilled trades instructors while they are on release time. This credit applies to instructors participating in programs that prepare individuals for construction or manufacturing occupations. Eligible expenses include wages, fringe benefits, and other direct costs. The credit is limited to $150 per hour of release time, with a maximum of $50,000 per employer per year.