Columbus — Ohio University graduates with full-time work in the state are exempt from state income tax for up to three years under a law proposed by Republican lawmakers on Monday for recruitment and retention. increase. Ohio college student.
Companies offering paid college internships will receive tax cuts, the state will offer up to $ 100 benefit-based scholarships to students outside the state, and more money will be added to Ohio’s college grants. A bachelor’s degree, according to plans from Republican Kenton Rep. John Cross.
To receive an out-of-state scholarship, students must be in the top 5% of graduation classes and have a degree in science, technology, engineering, or mathematics.
The goal is to “encourage young people in Ohio to live, learn, work and prosper in Ohio and leave the state after graduation,” said the Chairman of the House Finance Subcommittee on Higher Education. Cross says.
Cross did not have a price tag for the bill, but said the cost had to be balanced with the potential income growth of those who stayed in the state or came to Ohio as a result of incentives. Mr. Cross said that Ohio once had 24 parliamentary districts, but has been reduced to 15 due to migration in other parts of the country.
The states that have recently won house seats, such as Texas, Florida, and Colorado, have also seen significant population growth, but Ohio has experienced only a small increase of about 11.8 million.
Cross was announced on Monday with the addition of several university presidents, including leaders from Ohio State University, Bowling Green State University, University of Cincinnati, Marietta College, and Ursuline College on the outskirts of Cleveland.
26% of Findlay students are from outside the state, and 62% of school graduates work in Ohio, says Findlay President Katherine Fell.
“We want to make it a bigger percentage, and with this bill we believe it will happen,” she said.
Cross points that many other states offer incentives to attract students, including Alabama, which offers generous scholarships to students outside the state, and a creative approach is needed. I said there is.
“Who wants to go to Alabama? I don’t,” Cross said. “But Ohio has a pipeline of students going to Alabama, so we need to be competitive.”
The Kenton representative bill aims to recruit and retain Ohio students.
Source link The Kenton representative bill aims to recruit and retain Ohio students.