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Senators propose refundable tax credit to spur sound‑recording production in Ohio
Summary
Senate Bill 187 would let the Department of Development certify refundable investor credits for sound‑recording production and studio infrastructure, with a $1 million annual aggregate cap and a 25 percent credit up to $75,000 per project; the bill sunsets in 2028 and requires a post‑sunset report, sponsors said. The committee heard sponsor
Senators Smith and Schaffer presented sponsor testimony for Senate Bill 187, which would create an Ohio Sound Recording Investor Tax Credit to encourage investment in music production and studio infrastructure.
Under testimony, the program would be capped at $1,000,000 per tax year in aggregate. The credit would be available for recording…
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