House Bill 150
Reduce taxes on new banks and mortgage lenders
To amend sections 5726.01, 5726.02, 5726.04, 5726.06, and 5751.01 of the Revised Code to reduce the tax liability of newly formed banks by up to one million dollars per year for their first three years and to exclude the principal balance of mortgage loans sold by a mortgage lender from the lender's commercial activity tax gross receipts.
Current Version
Effective Date
April 12, 2021
Introduced In House
In House Committee
Reported By Committee
Passed By House
Introduced In Senate
In Senate Committee
Reported By Committee
Passed By Senate
Signed By The Governor
Subjects
Committees
Senate Insurance and Financial Institutions Committee
House Financial Institutions Committee
Primary Sponsors
Derek Merrin
Cosponsors
Senators
Nickie J. Antonio
Louis W. Blessing, III
Dave Burke
William P. Coley, II
Hearcel F. Craig
John Eklund
Bob D. Hackett
Peggy Lehner
Kristina D. Roegner
Tim Schaffer
Kirk Schuring
Vernon Sykes
Sandra R. Williams
Steve Wilson
Representatives
Niraj J. Antani
Sara P. Carruthers
Anthony DeVitis
Bill Dean
Timothy E. Ginter
Brett Hudson Hillyer
Ron Hood
Kris Jordan
Candice Keller
Laura Lanese
George F. Lang
Don Manning
Thomas F. Patton
Rick Perales
Tracy M. Richardson
Craig S. Riedel
Bill Roemer
Mark J. Romanchuk
Bill Seitz
Michael Sheehy
Dick Stein
D. J. Swearingen
A. Nino Vitale
Scott Wiggam
Paul Zeltwanger
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