| BILL TITLE: |
Foreign Entrepreneur Investor Tax Credit |
| BILL NUMBER: |
HB 220 |
| SPONSOR: |
Beck, Peter |
| SUMMARY: |
Authorizes a refundable commercial activity tax credit for investment losses of entities that employ foreign entrepreneur investors who have obtained permanent resident status under the federal EB-5 visa program and who invest in Ohio businesses. |
| STATUS: |
In House Economic & Small Business Development Committee |
| LAST ACTIVITY: |
Committee heard proponent testimony from a realty consultant who has participated in the EB-5 program and opponent testimony from a representative of the Center for Community Solutions. The committee also adopted a technical amendment offered by the bill sponsor, Rep. Beck. |
| EXPECTED: |
All testimony scheduled for Thurs., June 23 |
| POSITION: |
Interested party |
| PRIORITY ISSUE: |
Taxation & Economic Development |
| STAFF CONTACT: |
Navin, Daniel |
| BILL TEXT: |
http://www.legislature.state.oh.us/bills.cfm?ID=129_HB_220 |
