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 is available to qualifying employers who pay donation leave benefits to employee donors, with the credit amount capped at the lesser of the benefits paid or $300 per day for up to 30 days. Additionally, the total amount of donation leave benefits eligible for the credit per taxable year is limited to $54,000.

The bill also includes provisions for reporting and compliance, requiring the tax commissioner to issue annual reports on the credit's usage and allowing the commissioner to request necessary documentation from taxpayers claiming the credit. Furthermore, the bill inserts the new credit for organ donation leave benefits into the existing order of credits that taxpayers must follow when calculating their aggregate tax liability. The existing section 5747.98 is repealed, and the new provisions will apply to taxable years ending on or after the effective date of the enactment.

Statutes affected:
As Introduced: 5747.98
As Reported By House Committee: 5747.98