source Dayton Daily NewsCOLUMBUS — General Motors Corp. and other companies recently sought an extension of the state's job retention tax credit, a mechanism that could help manufacturers keep jobs in Ohio, legislators believe.
Speaker Jon Husted, R-Kettering, said GM's representatives who pushed for the amendment to the tax credit mentioned GM's SUV assembly plant in Moraine.
"They mentioned it specifically," Husted said today, May 22.
The change extends the credit for three additional years or seven years total, whichever is longer, Husted said.
"This action shows that Ohio is listening to the needs of business and is serious about attracting business investment in the state," Ken Mohre, assistant manager at the GM-Moraine plant, said in a statement the chamber released today.
The credit extension is part of House Bill 562, which was passed out of the House Finance and Appropriations Committee today and may be voted on by the entire House this evening.