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Committee hears bill to create tax credit incentivizing paid parental leave
Summary
Sponsors told the House Ways and Means Committee that House Bill 231 would create a nonrefundable tax credit for employers who provide paid parental leave, capped at $300 per day and $54,000 per employer per year, with carryover for unused credits and annual reporting by the Ohio tax commissioner.
Representatives Williams and Melanie Miller told the House Ways and Means Committee on Feb. 20 that House Bill 231 would create a nonrefundable tax credit to encourage employers to provide paid parental leave.
"The credit will equal the lesser of the amount of benefits paid to the employee, or $300 per day of paid parental leave," Williams said, and the measure would cap employer benefits at $54,000 per year while allowing unused credit to carry over for up to three years. Miller said the bill…
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