Bill > HB39

This bill amends Ohio tax law to allow a state income tax deduction for overtime wages for the first eight taxable years after the bill's effective date. Specifically, taxpayers can deduct overtime wages paid in accordance with federal and state labor laws, but only to the extent that these wages have not already been deducted or excluded from federal or Ohio adjusted gross income. The deduction is designed to provide some financial relief to workers who earn additional income through overtime, potentially reducing their state tax burden. The bill modifies section 5747.01 of the Ohio Revised Code to include this new tax provision, which will apply to taxable years ending on or after the bill's effective date. By offering this deduction, the legislation aims to recognize and provide a modest tax benefit to workers who put in extra hours to earn additional income.

Budget and Finance

https://www.legislature.ohio.gov/legislation/136/hb39