With continued advancements in technology, as well as factors such as the high price of gasoline, more people are looking to work from home. In many cases, businesses are able to hire people who work from home offices. The benefits associated with this growing trend are easily identifiable. It reduces the number of cars that are on the road each morning and afternoon and provides opportunities for individuals who cannot easily travel to workplaces.
Because this bill is expanding into a new area of business, it will begin as a six-year pilot program, at which time the program will be evaluated and further decisions of whether to maintain the program will be made. Having a six-year trial period will ensure that it receives proper scrutiny and will give the people of Ohio, as well as the legislature, information regarding its effectiveness. At the conclusion of six years, the Director of Development will conduct and submit a report detailing the effects that the home-based tax credit has had.
The ability for people to work from the comfort of their own homes has the potential to make an enormous impact for the health of area businesses and for Ohio’s economy as a whole. The tax credit pilot program outlined in House Bill 327 acknowledges this reality and gives additional tools to employers and employees to continue Ohio’s positive trend of job creation, and for that reason I was happy to support the legislation.