Zaino Hall & Farrin LLC

41 South High Street, Suite 3600
Columbus, Ohio 43215

614-326-1120

855-770-1120 (toll free)

Fax: (614) 754-6368

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Ohio Governor Kasich’s Tax Reform Proposal Introduced - Many Businesses to See a Tax Increase

February 13, 2015

This week, the Ohio House of Representatives introduced the new biennial budget bill, House Bill 64.  The bill contains the language for Governor Kasich’s Blueprint for a New Ohio, which includes major tax law changes which decrease taxes for some and increase taxes for others.  The budget proposal also increases general revenue spending by 18% over FY2015.  The tax proposal would reduce the income tax burden of individuals and small business owners, while increasing the tax burden of many medium and most large businesses, especially C corporations.

 

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