130th Ohio General Assembly
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H. B. No. 664  As Introduced
As Introduced

130th General Assembly
Regular Session
2013-2014
H. B. No. 664


Representative Schuring 

Cosponsors: Representatives Baker, Barborak, Beck, Budish, Cera, Derickson, Hill, Lundy, Romanchuk, Rosenberger 



A BILL
To amend section 5747.98 and to enact sections 3333.92 and 5747.78 of the Revised Code to establish the Workforce Grant Program, to authorize an income tax credit equal to 25% of the student loan payments a grant recipient makes per year, and to make an appropriation.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:
Section 1.  That section 5747.98 be amended and sections 3333.92 and 5747.78 of the Revised Code be enacted to read as follows:
Sec. 3333.92.  (A) As used in this section, "eligible student" means a student who is enrolled in a state institution of higher education as defined in section 3345.011 of the Revised Code.
(B) The workforce grant program is hereby established. Under the program, the chancellor of the Ohio board of regents shall award grants to eligible students who are pursuing the degrees or certifications that are required for the jobs that are determined to be the most in demand in this state by the department of job and family services under section 6301.11 of the Revised Code.
(C)(1) On an annual basis, the maximum amount of a grant awarded to an eligible student shall be five thousand dollars. One-third of the amount of the grant shall be distributed at the beginning of the academic year, and the remainder of the grant shall be distributed proportionally throughout the remainder of the academic year upon the student's successful completion of the milestones specified in rules adopted by the chancellor under division (D)(3) of this section.
(2) A grant may be renewed in accordance with the rules adopted by the chancellor under division (D) of this section.
(D) The chancellor shall adopt rules regarding the operations of the grant program, including all of the following:
(1) Application procedures;
(2) The method for selecting grant recipients, which shall include both of the following:
(a) An assessment of an applicant's need for financial aid;
(b) An analysis of whether the degree or certification that is being pursued by an applicant is required for one or more of the jobs that are determined to be the most in demand in this state by the department of job and family services under section 6301.11 of the Revised Code.
(3) Milestones that must be attained by a grant recipient in order to receive the remainder of an annual grant under division (C) of this section, including spending thirty to ninety days in a workplace where the degree or certification that is being pursued by the grant recipient is required for employment or participating in a cooperative or internship program in a workplace where the degree or certification that is being pursued by the grant recipient is required for employment;
(4) Other requirements that must be completed by a grant recipient, including both of the following:
(a) The completion of curriculum that includes skills needed by employers;
(b) The completion of counseling regarding the proper management of student loans.
(5) Grant renewal procedures.
(E) The chancellor shall adopt rules establishing a procedure for distributing information to high school students and first-year college students in this state regarding the jobs that are determined to be the most in demand in this state by the department of job and family services under section 6301.11 of the Revised Code and the educational requirements for those jobs.
Sec. 5747.78. (A) As used in this section:
(1) "Eligible student loan" means a loan used to pay the tuition and related expenses required to earn a qualifying degree or certification from an institution of higher education as defined in section 3345.011 of the Revised Code.
(2) "Eligible grant recipient" means a person who received a grant under section 3333.92 of the Revised Code and who is employed in an in-demand job.
(3) "In-demand job" means a job that is determined to be one of the most in demand in this state by the department of job and family services under section 6301.11 of the Revised Code.
(4) "Qualifying degree or certification" means a degree or certification the pursuit of which qualified the eligible grant recipient for a grant under section 3333.92 of the Revised Code.
(B) There is hereby allowed a refundable credit against the tax imposed by section 5747.02 of the Revised Code for an eligible grant recipient who makes payments on an eligible student loan during the taxable year. The amount of the credit shall equal twenty-five per cent of the amount of principal and interest paid on the eligible student loan, excluding any such principal or interest that is otherwise deducted or excluded in computing the federal or Ohio adjusted gross income of the taxpayer, during the taxable year. The credit shall be claimed in the order prescribed by section 5747.98 of the Revised Code. If the credit exceeds the amount of tax otherwise due for the taxable year, the excess shall be refunded to the taxpayer.
(C) The tax commissioner may require an eligible grant recipient to furnish any information necessary to support a claim for credit under this section, and no credit shall be allowed unless such information is provided.
Sec. 5747.98.  (A) To provide a uniform procedure for calculating the amount of tax due under section 5747.02 of the Revised Code, a taxpayer shall claim any credits to which the taxpayer is entitled in the following order:
(1) The retirement income credit under division (B) of section 5747.055 of the Revised Code;
(2) The senior citizen credit under division (C) of section 5747.05 of the Revised Code;
(3) The lump sum distribution credit under division (D) of section 5747.05 of the Revised Code;
(4) The dependent care credit under section 5747.054 of the Revised Code;
(5) The lump sum retirement income credit under division (C) of section 5747.055 of the Revised Code;
(6) The lump sum retirement income credit under division (D) of section 5747.055 of the Revised Code;
(7) The lump sum retirement income credit under division (E) of section 5747.055 of the Revised Code;
(8) The low-income credit under section 5747.056 of the Revised Code;
(9) The credit for displaced workers who pay for job training under section 5747.27 of the Revised Code;
(10) The campaign contribution credit under section 5747.29 of the Revised Code;
(11) The twenty-dollar personal exemption credit under section 5747.022 of the Revised Code;
(12) The joint filing credit under division (G) of section 5747.05 of the Revised Code;
(13) The nonresident credit under division (A) of section 5747.05 of the Revised Code;
(14) The credit for a resident's out-of-state income under division (B) of section 5747.05 of the Revised Code;
(15) The earned income credit under section 5747.71 of the Revised Code;
(16) The credit for employers that reimburse employee child care expenses under section 5747.36 of the Revised Code;
(17) The credit for adoption of a minor child under section 5747.37 of the Revised Code;
(18) The credit for purchases of lights and reflectors under section 5747.38 of the Revised Code;
(19) The nonrefundable job retention credit under division (B) of section 5747.058 of the Revised Code;
(20) The credit for selling alternative fuel under section 5747.77 of the Revised Code;
(21) The second credit for purchases of new manufacturing machinery and equipment and the credit for using Ohio coal under section 5747.31 of the Revised Code;
(22) The job training credit under section 5747.39 of the Revised Code;
(23) The enterprise zone credit under section 5709.66 of the Revised Code;
(24) The credit for the eligible costs associated with a voluntary action under section 5747.32 of the Revised Code;
(25) The credit for employers that establish on-site child day-care centers under section 5747.35 of the Revised Code;
(26) The ethanol plant investment credit under section 5747.75 of the Revised Code;
(27) The credit for purchases of qualifying grape production property under section 5747.28 of the Revised Code;
(28) The small business investment credit under section 5747.81 of the Revised Code;
(29) The enterprise zone credits under section 5709.65 of the Revised Code;
(30) The research and development credit under section 5747.331 of the Revised Code;
(31) The credit for rehabilitating a historic building under section 5747.76 of the Revised Code;
(32) The refundable credit for rehabilitating a historic building under section 5747.76 of the Revised Code;
(33) The refundable jobs creation credit or job retention credit under division (A) of section 5747.058 of the Revised Code;
(34) The refundable credit for taxes paid by a qualifying entity granted under section 5747.059 of the Revised Code;
(35) The refundable credits for taxes paid by a qualifying pass-through entity granted under division (I) of section 5747.08 of the Revised Code;
(36) The refundable credit under section 5747.80 of the Revised Code for losses on loans made to the Ohio venture capital program under sections 150.01 to 150.10 of the Revised Code;
(37) The refundable motion picture production credit under section 5747.66 of the Revised Code;
(38) The refundable credit for financial institution taxes paid by a pass-through entity granted under section 5747.65 of the Revised Code;
(39) The refundable credit for student loan payments made by eligible grant recipients under section 5747.78 of the Revised Code.
(B) For any credit, except the refundable credits enumerated in this section and the credit granted under division (H) of section 5747.08 of the Revised Code, the amount of the credit for a taxable year shall not exceed the tax due after allowing for any other credit that precedes it in the order required under this section. Any excess amount of a particular credit may be carried forward if authorized under the section creating that credit. Nothing in this chapter shall be construed to allow a taxpayer to claim, directly or indirectly, a credit more than once for a taxable year.
Section 2.  That existing section 5747.98 of the Revised Code is hereby repealed.
Section 3.  All items in this section are hereby appropriated as designated out of any moneys in the state treasury to the credit of the designated fund. For all appropriations made in this act, those in the first column are for fiscal year 2014 and those in the second column are for fiscal year 2015. The appropriations made in this act are in addition to any other appropriations made for the FY 2014-FY 2015 biennium.
Appropriations
BOR BOARD OF REGENTS
General Revenue Fund
GRF 235581 Workforce Grants $ 0 $ 100,000,000
TOTAL GRF General Revenue Fund $ 0 $ 100,000,000
TOTAL ALL BUDGET FUND GROUPS $ 0 $ 100,000,000

WORKFORCE GRANTS
Of the foregoing appropriation item 235581, Workforce Grants, up to $500,000 in fiscal year 2015 shall be used by the Chancellor of the Board of Regents to coordinate a statewide effort to promote workforce grant programs.
The remainder of appropriation item 235581, Workforce Grants, shall be used by the Chancellor of the Board of Regents to distribute grant awards pursuant to section 3333.92 of the Revised Code.
Section 4.  Within the limits set forth in this act, the Director of Budget and Management shall establish accounts indicating the source and amount of funds for each appropriation made in this act, and shall determine the form and manner in which appropriation accounts shall be maintained. Expenditures from appropriations contained in this act shall be accounted for as though made in Am. Sub. H.B. 59 of the 130th General Assembly.
The appropriations made in this act are subject to all provisions of Am. Sub. H.B. 59 of the 130th General Assembly that are generally applicable to such appropriations.
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