Job Creation Tax Credit (JCTC)

The Job Creation Tax credit is a refundable Ohio corporate franchise (income) tax available to Companies creating at least 25 new full-time jobs (within 3 years) in Ohio. The credit may also be available for certain high-wage industries creating 10 or more new full-time jobs within 3 years. The credit is measured as a percentage of the state income tax withholdings for all new employees hired under the program. Approved projects generally range between 55 and 65 percent for a period of 6 to 8 years. The business must apply for the credit before committing to the project.