COLUMBUS — State Rep. Bride Rose Sweeney (D-Cleveland) and Shayla L. Davis (D-Garfield Heights) today announced the introduction of the Infant Formula Tax Credit legislation. The bill will provide a one-time refundable $600 income tax credit per child for parents or guardians who purchase infant formula.
“The high cost of formula causes many of our families to struggle financially,” said Rep. Sweeney. “Ohioans should not have to worry about the price of basic and necessary expenses such as formula. This legislation will not only ensure the health
of our babies by providing proper nutrition, but will also reduce the financial burden felt by parents and guardians and put money back into the pockets of working families.”
According to the United States' Office of the Surgeon General, the price of formula in the country fluctuates between $1,200 and $1,500 per family for the first year of a baby's life. This bill seeks to rectify the issue of rising costs by including this credit in the annual income tax return.
“It is our responsibility to protect the youngest and most vulnerable people in our communities,” said Rep. Davis. “We want to protect the health and wellness of our babies, as well as take the financial strain off of working class families, and this legislation is a big step in that direction.”
The Infant Formula Tax Credit now awaits assignment to an Ohio House committee.