Income Tax
Ohio Senate introduces $85.7 billion operating budget
Ohio Senate leaders introduced their version of the new two-year operating budget Tuesday. They expect to vote on the $85.7 billion spending plan next week. Lawmakers have until a constitutionally mandated June 30 deadline to settle any differences and approve the budget. The Senate proposal reduces existing state income tax brackets from four to two. […]
Ohio voters support higher tax rates for high incomes, state corporate tax
A new survey shows support from likely Ohio voters for more taxes on richer residents, a higher minimum wage, and renewal of the child tax credit. The survey, conducted in September through a partnership between Ohio thinktank Policy Matters Ohio and California-based polling firm Data for Progress, showed 71% of the nearly 1,400 Ohio voters […]
Ohio Senate leadership wants no additional $ for broadband expansion
Lawmakers from both parties had been hopeful Ohio would take a big step forward this year to invest in broadband internet expansion throughout the state. Leaders in the Ohio Senate think otherwise. While their counterparts in the Ohio House of Representatives want to allocate millions of dollars for internet expansion projects, Republican state senators want […]
Ohio legislature addresses economy, health care workforce, and taxes in coronavirus bill
In the hundreds of pages of the Ohio legislature’s omnibus bill to address coronavirus, state representatives and senators attempted to address many of the state’s concerns, from the economy to the health care sector. The bill was passed by both houses on Wednesday, on its way to Gov. Mike DeWine’s desk for signature. With an […]
Chamber of Commerce rep warns of ‘unintended consequences’ in supermajority tax reform bill
A lobbyist for an influential Ohio business advocacy group Tuesday warned Senators against legislation to require a supermajority vote before raising Ohio’s income tax rates. Tony Long, director of tax and economic policy for the Ohio Chamber of Commerce, said Senate Joint Resolution 3 could yield “unintended consequences” for Ohio businesses down the line. “The […]
Lawmakers want to anchor down income tax rate, but worries loom over bond ratings
Ohio Senate Republicans want to anchor down the nearly 40-year low on the state’s income tax rate, though worry has settled in over blowback from credit agencies. Senate Joint Resolution 3, if approved by a supermajority of lawmakers and a majority of voters during the 2020 election, would amend the state Constitution to require supermajority […]