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What is the new law regarding the new manufacturing machinery and equipment (M&E) credit?

April 26, 2017credit equipment Law machinery manufacturing

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What is the new law regarding the new manufacturing machinery and equipment (M&E) credit?

2 Answers

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For taxable years ending on or after July 1, 2005, Amended Substitute House Bill 66 converts the Ohio Revised Code section (R.C.) 5733.33 manufacturer’s credit to a nonrefundable grant administered by the Ohio Department of Development.

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For taxable years ending on or after July 1, 2005, House Bill 66 converts the Ohio Revised Code section (R.C.) 5733.33 manufacturer’s credit to a nonrefundable grant administered by the Ohio Department of Development.