Proposed in 2009, the state of Ohio has created the Ohio New Markets Tax Credit (ONMTC) program. Under the ONMTC program, the total tax credit is 39% over a seven year period, with no credit for years one and two, 7% in year three and 8% claimed for each of years four through seven. The ONMTC program works in tandem with the FNMTC program, as an entity must qualify for FNMTCs in order to receive ONMTCs. Read More…