Bill Text: OH SCR10 | 2009-2010 | 128th General Assembly | Introduced
Bill Title: As Introduced 128th General AssemblyRegular Session2009-2010S. C. R. No. 10 Senator Stewart
Spectrum: Moderate Partisan Bill (Republican 8-2)
Status: (Introduced - Dead) 2009-04-28 - To Ways & Means & Economic Development [SCR10 Detail]
Download: Ohio-2009-SCR10-Introduced.html
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Senator Stewart
Cosponsors:
Senators Hughes, Patton, Buehrer, Miller, D., Carey, Goodman, Cates, Wilson, Wagoner
To memorialize the Congress of the United States, the | 1 |
Secretary of the Treasury, and the Internal | 2 |
Revenue Service to withdraw application of the new | 3 |
federal income tax withholding schedules to | 4 |
pensioners. | 5 |
BE IT RESOLVED BY THE SENATE OF THE STATE OF OHIO
(THE HOUSE OF REPRESENTATIVES CONCURRING):
WHEREAS, The American Recovery and Reinvestment Act of 2009 | 6 |
(Public Law 111-5, the federal "stimulus" bill) enacted the Making | 7 |
Work Pay Tax Credit, a credit against federal income tax computed | 8 |
on the basis of earned income; and | 9 |
WHEREAS, The Internal Revenue Service issued new tax | 10 |
withholding schedules incorporating the credit by reducing | 11 |
periodic tax withholding; and | 12 |
WHEREAS, The new withholding schedules apply not only to | 13 |
earnings but also to certain periodic pension payments; and | 14 |
WHEREAS, The Internal Revenue Service acknowledges that the | 15 |
new schedules will cause many pensioners with no earned income to | 16 |
have insufficient tax withheld from pension payments to cover | 17 |
their annual tax liabilities; and | 18 |
WHEREAS, Many pensioners therefore are forced to adjust tax | 19 |
withholding to avoid under-withholding from their pension | 20 |
payments, which entails the filing of new W-4P forms; and | 21 |
WHEREAS, Failure to file new W-4P forms will cause financial | 22 |
hardship for pensioners by burdening them with unanticipated | 23 |
end-of-year federal income tax liabilities; now therefore be it | 24 |
RESOLVED, That the Secretary of the Treasury and the Internal | 25 |
Revenue Service are hereby encouraged to immediately withdraw | 26 |
application of the new tax withholding schedules to pension | 27 |
payments and, failing that, that the Congress of the United States | 28 |
enact such laws or take such actions as are necessary to cause the | 29 |
expeditious withdrawal of such schedules insofar as they apply to | 30 |
pensioners; and be it further | 31 |
RESOLVED, That within five days after the adoption of this | 32 |
resolution, the Clerk of the Senate shall send a certified copy | 33 |
to the United States Department of the Treasury, to the | 34 |
Commissioner of Internal Revenue, to each member of this state's | 35 |
delegation to the United States House of Representatives and | 36 |
United States Senate, and to the news media. | 37 |