Ohio Sens. Eric Kearney (D-Cincinnati) and Bill Seitz (R-Cincinnati) are cosponsoring S.B. 120 – legislation that would increase the total amount of tax credits awarded under the Technology Investment Tax Credit (TITC) Program from $45 million to $145 million, according to The Daily Reporter. The TITC Program is "designed to offer a variety of benefits to Ohio taxpayers who invest in small, research and development, and technology-oriented firms." The Ohio Development Services Agency, which administers the program, stopped accepting new TITC applications in November 2012 after the program reached its cap of $45 million. DSA officials said a "strong increase in the number of investor applications" was responsible for the program hitting its cap, the article said. For more, read the full story.
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Bipartisan legislation introduced to add $100 million to DSA's technology investment program
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