Legislation to Align Ohio and Federal Tax Laws Passes the House, Moves to Governor

The Ohio House of Representatives today voted to pass Senate Bill 28, which incorporates into Ohio tax law recent changes to federal tax law that took effect since December 20, 2012.

Speaker of the Ohio House William G. Batchelder (R-Medina) released the following statement on the passage of Senate Bill 28:

“This legislation incorporates important Internal Revenue Code changes that will help Ohio’s business community, teachers, students, and all taxpayers by allowing important tax exemptions to continue. It also simplifies the already-complicated tax code and prevents taxes from increasing by nearly $81 million over the next two years. These are vital steps that we in the Legislature are taking to ensure that Ohioans enjoy a simpler tax code that is properly aligned with that of the federal government and gives them more opportunities to save their own hard-earned money. We will continue to put Ohio’s taxpayers and businesses first, in the greater effort to grow our economy, attract new jobs, and provide our citizens with high-paying jobs.”

The companion legislation in the House, House Bill 54, passed with unanimous support on March 6th.

Having received the approval of both the House and the Senate, Senate Bill 28 will now be sent to Governor Kasich for his signature.