Ohio Business Taxes

In 2005, the state of Ohio enacted sweeping tax reforms, establishing the lowest rates in the Midwest and creating a business-friendly environment for companies that are located here. Taxes were eliminated on capital investment, inventory, sales of goods and services to customers outside of Ohio and reductions in corporate income and franchise taxes.  Businesses in Ohio are now more competitive globally. Third party experts confirm that Ohio has the lowest taxes in the Midwest.

Additional descriptions of Ohio's Business Taxes along with state resources can be found here.



Aggressive incentive programs provide assistance to businesses moving here as well as to those that now call the area home.  We will explain, qualify and help you secure the following...

Tax Incentives  

• Ohio is eliminated its tax on personal property, i.e. abolished property tax on manufacturing machinery and equipment, furniture and fixtures, and inventory.  There is no tax on manufacturing machinery and equipment purchased after January 1, 2005.
• Real Property Tax Abatements
• Credits for job creation, retention and training, and making investments in technology/research and development.
• Sales tax exemptions for manufacturing machinery and equipment, warehouse machinery and equipment, and research and development purchases.

Low Interest Financing for land, buildings construction/renovation, machinery, equipment, furniture and fixtures.

Grants/Funding for workforce training and public infrastructure improvements.

The Chamber has many resources to assist you in determining eligibility for incentives and abatements. Use our online Real Property Abatement Calculator or the Job Creation Tax Credit Calculator to estimate tax savings.



Quick list of individual incentive factsheets found in the online library:

All information presented is intended to provide a general overview of incentive programs as all programs are subject to change. 

The following files are .pdf with an average size of 140k.  Adobe Reader is required to view the files.

Distribution Incentive Overview
Manufacturing Incentive Overview

166 Direct Loan Program 
Build Fund 
Community Reinvestment Area
Community Reinvestment Area North Jackson
Foreign Trade Zone
GrowNow Linked Deposit Program
Historic Preservation Tax Credit
Innovation Ohio Loan Fund
Enterprise Zone - Mahoning County
Manufacturing Sales Tax Exemption
Ohio Enterprise Bond Fund
Ohio Enterprise Zone Program
Ohio Investment in Training OITP
Ohio Job Creation Tax Credit
Ohio Job Retention Tax Credit
Public Infrastructure Programs
RD Investment Loan Fund
RD Investment Tax Credit
RD Sales Tax Exemption
Regional 166 Loan Program
SBA 504 Loan Program
Tax Exempt IRBs
Technology Investment Tax Credit
USDA Business & Industry Loan Guarantees
USDA Rural Business Enterprise Grants
Warehouse Sales Tax Exemption
Youngstown SBA Initiative