summary
Introduced
04/26/2022
04/26/2022
In Committee
05/18/2022
05/18/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
134th General Assembly (2021-2022)
Bill Summary
To amend sections 122.17, 122.66, 323.151, 3317.021, 3318.011, 5747.02, and 5748.01 of the Revised Code to repeal the state income tax on nonbusiness income with a ten-year phase-out.
AI Summary
This bill proposes to repeal the state income tax on nonbusiness income with a ten-year phase-out. Specifically, the bill would amend sections of the Ohio Revised Code to gradually reduce and eventually eliminate the state income tax on nonbusiness income over a ten-year period. The bill maintains the existing state income tax rates on business income, but adjusts the income thresholds and tax rates for that tax. The bill also makes some technical changes to definitions and reporting requirements related to the state's tax credit and school district income tax programs.
Committee Categories
Budget and Finance
Sponsors (8)
Steve Huffman (R)*,
Niraj Antani (R),
Jerry Cirino (R),
George Lang (R),
Nathan Manning (R),
Kristina Roegner (R),
Mark Romanchuk (R),
Steve Wilson (R),
Last Action
Refer to Committee: Ways and Means (on 05/18/2022)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legislature.ohio.gov/legislation/legislation-summary?id=GA134-SB-327 |
| Bill | https://search-prod.lis.state.oh.us/solarapi/v1/general_assembly_134/bills/sb327/IN/00/sb327_00_IN?format=pdf |
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