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| To enact section 9.662 of the Revised Code to require | 1 |
| JobsOhio and state agencies offering economic | 2 |
| development assistance to obtain Controlling Board | 3 |
| approval before providing economic development | 4 |
| assistance to a person who, at or near the time of | 5 |
| receiving the assistance, relocates employment | 6 |
| positions from one taxing district to another or | 7 |
| eliminates positions at an existing location. | 8 |
| Section 1. That section 9.662 of the Revised Code be enacted | 9 |
| to read as follows: | 10 |
| Sec. 9.662. (A) For the purposes of this section: | 11 |
| (1) "Economic development assistance" means any grant, loan, | 12 |
| guarantee, or job creation or retention tax credit authorized by | 13 |
| the Revised Code. | 14 |
| (2) "Taxing district" means a geographical area in which the | 15 |
| aggregate property tax rate is uniform. | 16 |
| (3) "Economic development agency" means JobsOhio or the | 17 |
| department of development or any other state agency authorized to | 18 |
| award economic development assistance. | 19 |
| (4) "Original location" means the street address from which | 20 |
| the proposed recipient of economic development assistance proposes | 21 |
| to relocate. | 22 |
| (5) "New location" means the street address to which the | 23 |
| proposed recipient of economic development assistance proposes to | 24 |
| relocate. | 25 |
| (6) "Taxing unit" has the same meaning as in section 5705.01 | 26 |
| of the Revised Code. | 27 |
| (B) An economic development agency shall obtain controlling | 28 |
| board approval before granting economic development assistance to | 29 |
| any person who, at or near the time of receiving the assistance or | 30 |
| receiving approval to receive the assistance, will relocate or | 31 |
| decrease the payroll of one or more substantially similar | 32 |
| employment positions from one taxing district to another or will | 33 |
| eliminate a position at the person's original location. The | 34 |
| controlling board may not approve such economic development | 35 |
| assistance unless the agency demonstrates, to the satisfaction of | 36 |
| the controlling board, good cause for the relocation or | 37 |
| elimination. Good cause includes, but is not limited to, | 38 |
| substantial enhancements of production or employment, more | 39 |
| efficient utilization of existing infrastructure, enhanced | 40 |
| transportation capacity, or other causes recognized by the | 41 |
| controlling board. | 42 |
| (C) An economic development agency required to obtain | 43 |
| approval of the controlling board under this section shall, before | 44 |
| approval is granted, submit to the controlling board the following | 45 |
| information: | 46 |
| (1) The number of full-time equivalent positions that would | 47 |
| be relocated or eliminated from the original location. | 48 |
| (2) The number of full-time equivalent positions that would | 49 |
| be relocated or gained at the new location. | 50 |
| (3) The change or estimated change in payroll at both the | 51 |
| original and new locations. | 52 |
| (4) An estimate of the decrease in tax revenue that would be | 53 |
| received by each taxing unit encompassing the original location. | 54 |
| (5) An estimate of the increase in tax revenue that would be | 55 |
| received by each taxing unit encompassing the new location. | 56 |
| (6) An explanation of the value or advantages of the | 57 |
| employment relocation or elimination. | 58 |