OTHERAMENDED

Tax Credit Rate Reduced for Online.cars LLC

The Ohio Job Creation Tax Credit Authority reduced Online.cars LLC's tax credit rate from 1.566% to 1.151%. The change took effect January 1, 2024, after the company reported 66 of 100 committed jobs and $3,700,456.78 in new payroll.

Document date · May 20, 2024

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Tax credit rate reduced from 1.566% to 1.151%; original commitment included $6,095,000 in payroll; reported new payroll was $3,700,456.78
Contract type
OTHER
Contract term
Effective January 1, 2024
Renewal
Rate reduction approved for failure to meet the project's job and payroll commitments by the Metric Evaluation Date.
Document type
Minutes
Source document
Ohio Tax Credit Authority Minutes 2024-05-20

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Ohio Tax Credit Authority | State of Ohio?

Online.cars Llc was awarded this government contract by Ohio Tax Credit Authority | State of Ohio, as recorded on May 20, 2024. The contract value is Tax credit rate reduced from 1.566% to 1.151%; original commitment included $6,095,000 in payroll; reported new payroll was $3,700,456.78.

How much is the Online.cars Llc contract with Ohio Tax Credit Authority | State of Ohio worth?

The Online.cars Llc contract with Ohio Tax Credit Authority | State of Ohio is valued at Tax credit rate reduced from 1.566% to 1.151%; original commitment included $6,095,000 in payroll; reported new payroll was $3,700,456.78.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Ohio Tax Credit Authority Minutes 2024-05-20 (Minutes), dated May 20, 2024 from Ohio Tax Credit Authority | State of Ohio. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Online.cars Llc hold?

Online.cars Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Online.cars Llc's profile

What is Ohio Tax Credit Authority | State of Ohio currently buying?

Explore Ohio Tax Credit Authority | State of Ohio's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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