The bill amends section 5747.98 and enacts section 5747.74 of the Revised Code to establish a nonrefundable income tax credit for employers who provide paid leave to employees who are organ donors. The new section defines key terms such as "employee donor," "qualifying employer," and "donation leave benefits." It specifies that the credit available to qualifying employers for donation leave benefits is capped at $300 per day for a maximum of 30 days, with an overall limit of $54,000 in benefits eligible for the credit per taxable year. Additionally, the bill mandates that the tax commissioner report annually on the credit's usage.

The bill also modifies the order in which tax credits are claimed by inserting the new credit for organ donation leave benefits into the existing list of credits under section 5747.98. This change ensures that the new credit is considered alongside other tax credits when calculating a taxpayer's aggregate tax liability. The existing section 5747.98 is repealed, and the provisions of the new section 5747.74 will apply to taxable years ending on or after its effective date.

Statutes affected:
As Introduced: 5747.98