income

Wealthy state lawmakers to gain from income tax cuts in budget 

BY: and - July 9, 2021

Some of the wealthiest state lawmakers stand to save thousands of dollars annually on their taxes thanks to changes they enacted in the state budget.  Lawmakers lowered tax rates for all income earners and raised the minimum threshold at which Ohioans pay taxes on their income.  They also eliminated the top bracket (previously $221,300 and […]

As state budget shortfall looms, Senate GOP seeks to tie down income tax rates

BY: - June 10, 2020

Facing a $1 billion coronavirus-shaped budget hole, an Ohio Senate committee passed a bill Tuesday to amend the state constitution to require a supermajority of lawmakers to agree on an income tax increase instead of a simple majority. Senate Joint Resolution 3, which itself would require supermajority votes in the House (66 of 99) and […]

Senate GOP seeks to anchor down historic low income tax rates

BY: - January 22, 2020

Senate Republicans are pushing a constitutional change to make it significantly harder to raise income tax rates, which are at their lowest points since Ronald Reagan was president.  The Senate Ways and Means Committee held its first hearing on Senate Joint Resolution 3 on Tuesday, which would require a supermajority vote in both the state […]