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Revises tax law

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To amend sections 9.66, 122.16, 122.172, 122.173, 5709.65, 5709.66, 5709.92, 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, 5747.98, and 5751.01, 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, and to amend Section 263.325 of Am. Sub. H.B. 64 of the 131st General Assembly to modify the commercial activity tax exclusion for receipts from the sale of certain consumer products within an integrated supply chain, to make technical changes to the state income tax law, 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 graduated tax rates similar to those applicable to nonbusiness income, while business income in excess of those amounts remains subject to the existing 3% flat tax, to modify the formula for calculating reimbursement payments to school districts for their loss of tangible personal property tax revenue, and to establish a formula for making supplemental foundation aid payments to school districts in fiscal year 2017.

Current Version

As Enrolled PDF

Effective Date

February 15, 2016

Introduced In House Checked Introduced In House
 
In House Committee Checked In House Committee
 
Reported By Committee Checked Reported By Committee
 
Passed By House Checked Passed By House
 
 
Introduced In Senate Checked Introduced In Senate
 
In Senate Committee Checked In Senate Committee
 
Reported By Committee Checked Reported By Committee
 
Passed By Senate Checked Passed By Senate
 
 
 
Signed By The Governor Checked Signed By The Governor
 

Subjects

Committees

Primary Sponsors

Bill Beagle
 

Cosponsors

Senators
Kevin Bacon
William P. Coley, II
John Eklund
Keith Faber
Randy Gardner
Cliff Hite
Jay Hottinger
Shannon Jones
Frank LaRose
Peggy Lehner
Gayle Manning
Larry Obhof
Scott Oelslager
Thomas F. Patton
Bob Peterson
William Seitz
Joe Uecker
Chris Widener
 
Representatives
Ron Amstutz
Marlene Anielski
Niraj J. Antani
Nickie J. Antonio
Tim W. Brown
Margaret Conditt
Robert R. Cupp
Timothy Derickson
Jonathan Dever
Michael D. Dovilla
Mike Duffey
Cheryl L. Grossman
Robert D. Hackett
Stephen D. Hambley
Bill Hayes
Michael Henne
Brian Hill
Stephen A. Huffman
Terry Johnson
Stephanie Kunze
Sarah LaTourette
Nathan H. Manning
Clifford A. Rosenberger
Scott Ryan
Gary Scherer
Kirk Schuring
Barbara R. Sears
Ryan Smith
Robert Cole Sprague
Lou Terhar
 

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The online versions of legislation provided on this website are not official. Enrolled bills are the final version passed by the Ohio General Assembly and presented to the Governor for signature. The official version of acts signed by the Governor are available from the Secretary of State's Office in the Continental Plaza, 180 East Broad St., Columbus.