OH HB326 | 2015-2016 | 131st General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on September 8 2015 - 25% progression, died in committee
Action: 2015-09-16 - Refer to Committee: Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 8 2015 - 25% progression, died in committee
Action: 2015-09-16 - Refer to Committee: Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
To amend sections 9.66, 122.16, 122.172, 122.173, 5709.65, 5709.66, 5733.33, 5733.42, 5733.98, 5747.01, 5747.02, 5747.05, 5747.054, 5747.055, 5747.056, 5747.059, 5747.21, 5747.212, 5747.22, 5747.27, 5747.28, 5747.29, 5747.331, 5747.37, 5747.65, 5747.66, 5747.71, 5747.75, 5747.76, 5747.80, 5747.81, and 5747.98 and to repeal sections 5733.48, 5747.051, 5747.057, 5747.26, 5747.261, 5747.31, 5747.32, 5747.34, 5747.35, 5747.36, 5747.38, 5747.39, and 5747.77 of the Revised Code to make technical changes to the state income tax law, to modify the requirements for receiving the joint filing credit, and to provide that, for the 2015 taxable year, any taxable business income under $125,000 for married taxpayers filing separately or $250,000 for other taxpayers is subject to the graduated tax rates applicable to nonbusiness income, while business income in excess of those amounts remains subject to the existing 3% flat tax.
Title
Modifies the income and business tax law
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-09-16 | House | Refer to Committee: Ways and Means |
| 2015-09-08 | House | Introduced |
