General Assembly


Short Title

Reduce taxes on new banks and mortgage lenders 
Show Long Title
Long Title 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.


As Enrolled

Legislation Text

View Current Version

Effective Date

April 12, 2021


Senate Insurance and Financial Institutions Committee
House Financial Institutions Committee

Primary Sponsors

Derek Merrin


Niraj J. Antani
Sara Carruthers
Anthony DeVitis
Bill Dean
Timothy Ginter
Brett Hudson Hillyer
Ron Hood
Kris Jordan
Candice R. Keller
Laura Lanese
George F. Lang
Don Manning
Thomas F. Patton
Rick Perales
Tracy Richardson
Craig S. Riedel
Bill Roemer
Mark J. Romanchuk
William Seitz
Michael Sheehy
Dick Stein
D. J. Swearingen
A. Nino Vitale
Scott Wiggam
Paul Zeltwanger
Nickie Antonio
Louis W. Blessing, III
Dave Burke
Bill Coley
Hearcel Craig
John Eklund
Bob D. Hackett
Peggy Lehner
Kristina Roegner
Tim Schaffer
Kirk Schuring
Vernon Sykes
Sandra R. Williams
Steve Wilson
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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.