Columbus - 
For the last 16 months, the Ohio Senate has been working to create job opportunities by encouraging business investment in the State of Ohio. Earlier this month, Senator Oelslager supported the passage of Senate Bill 320 to extend Ohio's Enterprise Zone law and Senate Bill 331 to expand the Ohio Motion Picture Tax Credit. Both pieces of legislation will encourage business investments geared toward attracting new jobs. Senate Bill 320, sponsored by State Senator John Eklund (R-Munson Township), would extend the certification deadline for Ohio's Enterprise Zone program to October 15, 2013. The current deadline is set to expire this October. Communities seeking to create an enterprise zone need to submit a petition to the Ohio Department of Development. This program authorizes a public - private partnership between businesses and local governments to provide an extra economic development tool for municipalities and counties to provide tax exemptions to investing businesses in Ohio. The tax incentives may assist an employer with business start-up costs therefore enabling the company to reinvest in equipment and facilities and continue growing. Senator Oelslager also supported Senate Bill 331 to keep Ohio competitive. This bill will make the Ohio Motion Picture Tax Credit amount per fiscal biennium $40 million dollars and increase the annual credit cap from $10 million to $20 million dollars. Twenty-seven projects have utilized the tax credit since its original implementation with popular films such as the Avengers, I, Alex Cross, and The Ides of March coming to Ohio. Additionally, more than 9,000 jobs have been created, and most importantly 91 percent of these jobs went to Ohio workers. However, at the end of last year, Ohio's cap of $10 million per year had already been allotted for the fiscal year that ends on June 30. Senate Bill 331, sponsored by Senator Tom Patton (R-Strongsville), will reauthorize the Ohio Motion Picture Tax Credit and make Ohio more attractive for these film opportunities. If you would like to read the bill analysis or would like to access full legislation, you can visit http://www.ohiosenate.gov/ and click on the bill number from the 129th General Assembly.
Senator Oelslager represents Ohio's 29th District which contains a portion of Stark County. He serves as Chairman of the Senate Health and Human Services Committee.
 
 
 
  
Featured Posts

Addressing Our Shared Priorities

 

It is a great honor for me to represent our community in the Ohio Statehouse. As I look back on all that we've accomplished, I am struck by how far this state has come. 



 
 

Oelslager Applauds New Investments To Combat Heroin Epidemic

 

"Long-term recovery for those struggling with addiction is the ultimate goal," said Oelslager, Chairman of the Ohio Senate Finance Committee, which is charged with crafting the state's operating budget. "Response teams are another layer in the state's comprehensive efforts to combat this epidemic, which is devastating families and communities across Ohio."



 
 

Helping Families Save On Back-to-School Shopping: The Ohio Sales Tax Holiday Is August 4-6

 

Beginning Friday, August 4 and running through Sunday, August 6, families can take advantage of this unique tax-free weekend when purchasing select items.



 
 

Statewide Investment, Local Impact

 

I am proud of this fiscally responsible statewide budget, but I am equally as proud of the positive, direct impact it will have on Stark County.