COSE HONORS REPRESENTATIVE NAN BAKER
FOR HER SERVICE AND DEDICATION
TO SMALL BUSINESSES
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Nan Baker is Endorsed by the
Ohio Chamber of Commerce,
National Federation of Independent Business and the
Ohio Society of CPAs.
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It's All About Jobs !
Nan Baker
Ranking Member of the Economic Development Committee
Along with her Republican Colleagues of the Economic Development Committee
Have Packaged 10 Proposed House Bills Created to Get Ohioains Back to Work.
Why Action is Needed
•
Unemployment: Ohio's unemployment rate was 10.9% in December 2009
(ODJFS)
•
Job Loss: Ohio lost 194,000 jobs in the last year
(U.S. Bureau of Labor Statistics)
•
Economic Growth: Ohio is 47th in its prospects for growth in areas like job creation, income growth, business openings and venture capital investments (Forbes Magazine Best States for Business 2009)
•
Economic Competitiveness: Ohio was ranked 49th in economic performance on the 2009 ALEC-LAFFER State Economic Competiveness Index (American Legislative Exchange Council 2009)
“THE FUTURE OF OHIO” JOB’S PACKAGE
• Employer tax credit to hire unemployed Ohioans:
H.B. 277 Sponsored by Rep. Snitchler & Rep. Jordan
This legislation would authorize a nonrefundable tax credit for hiring and employing previously unemployed individuals. Ohio businesses that hire previously unemployed individuals will receive a $2,400 tax credit for each such employee that they employ. Each credit will be claimable for up to two years so long as the employee was unemployed for four consecutive weeks immediately preceding their hiring date; the employee is lawfully employable in the United States; and the employee is continuously employed by the employer claiming the credit for a period of two years.
• Vacant property tax credit:
H.B. 437 Sponsored by Rep. Baker & Rep. Balderson
This bill would enact a nonrefundable tax credit for a business that increases payroll and expands into a vacant facility. The intent behind this legislation is to encourage both existing and prospective companies to house their businesses within a vacant facility instead of building a new structure.
• Tax credits for Ohio graduates:
H.B. 144 Sponsored by Rep. Grossman
House Bill 144 would grant an income tax credit eliminating tax liability for five years for individuals who obtain a baccalaureate degree and who reside in Ohio. Eliminating the state income tax liability for graduates will allow them to use the extra money to help pay back their student loans and other debts incurred during college, as well as attract college students from other states.
• Tax credits for specialized crafts:
H.B. 360 Sponsored by Rep. Morgan & Rep. Snitchler
This bill would apply the income tax provisions of H.B. 144 to any person in a trade who has reached the journeyman status or its equivalent.
• Estate tax relief:
H.B. 326 Sponsored by Rep. Hottinger & Rep. Grossman
This bill would reduce Ohio’s Estate Tax liability. This legislation would encourage seniors and business owners to remain in Ohio instead of leaving to retire in better tax environments. To revitalize Ohio’s economy and assist our home-grown small businesses, we need to retire the estate tax that encourages Ohioans to take their capital and investments to low-tax states. Ohio is one of only 23 states that still tax your death.
• Small business regulatory reforms
H.B. 311 Sponsored by Rep. McGregor & Rep. Balderson
This bill is a companion bill to Senate Bill 3 proposed by Senator Keith Faber. This Senate Bill is a package of small business reforms and is currently under consideration in the House State Government Committee. In order to expedite passage of S.B. 3’s key provisions, we drafted companion legislation covering three key proposals to help businesses cut through bureaucratic red tape and provide accountability in crafting agency regulations.
• Small business resource portal:
H.B. 383 Sponsored by Rep. Baker & Rep. Stautberg
This bill would direct Ohio Department of Development to create an online small business resource center (expanding upon the existing Ohio Business Gateway) on its internet website, to serve as a clearinghouse of information relevant to Ohio businesses. The intent of this bill is to codify all information to make it easier for small businesses in Ohio or those from other states looking to locate to Ohio an easy one-stop source of information.
• Private Sector compensatory time
H.B. 320 Sponsored by Rep. Baker & Rep. Martin
This bill is a companion bill to Senate Bill 17 proposed by Senator Kevin Coughlin. This bill, arranged between the employee and employer and the arrangement is voluntary, would provide more flexibility allowing an employer to provide compensatory time, or paid time off work in place of overtime compensation. The intent of this proposal is to enable employers to provide a more family friendly work environment by providing the flexibility for their employees. It also allows an employer the flexibility to allow paid time off during slow periods of the business cycle maintaining benefits and diminishing layoffs and gaps in employment. This is an innovative bill that demonstrates that Ohio is open for business and encourages creativity in the workplace.
• Tracking job placement success:
H.B. 346 Sponsored by Rep. Boose & Rep. Hall
This bill would require the Ohio Department of Job and Family Services to submit annually to the leaders of the General Assembly a copy of the report submitted to the U.S. Department of Labor. The intent of this bill is to track the success of job placement to ensure that Ohioans are placed in the correct job and have been employed for 6 months or more.
• Analyzing company exodus:
H.B. 337 Sponsored by Rep. Baker & Rep. Boose
This bill would require the Ohio Department of Development to produce a report of companies that have relocated out of Ohio, develop a standard questionnaire to elicit the reasons why those companies have chosen to leave Ohio and share its findings with the legislature. The intent of this bill is to provide the Legislature with valuable information about why we continue to bleed jobs. By concretely tracking why companies chose to abandon Ohio, the Legislature will be able to create competitive House Bills to retain the companies we have while luring businesses back.
