The Municipality, by ordinance, may grant a refundable or nonrefundable credit against its tax on income to a taxpayer to foster job creation in the Municipality pursuant to Chapter 860. If a credit is granted under Chapter 860, it shall be measured as a percentage of the new income tax revenue the Municipality derives from new employees of the taxpayer and shall be for a term not exceeding fifteen years.
(Ord. 15-046. Passed 12-28-15.)
Statutory reference:
Fostering new jobs; tax credits, see R.C. § 718.15