Ohio Republican Leadership Announces New Tax Reform Plan ​

In a joint press conference held today with Ohio Senate President Keith Faber and Ohio House of Representatives Speaker William Batchelder, the Ohio General Assembly's Republican leadership announced that it plans to blend the tax provisions contained in both the House and Senate versions of Am. Sub. H.B. 59 (the biennial budget bill) during the pending Conference Committee. Their plan is designed to shift Ohio towards a consumption-based tax structure and away from its current income tax structure. In their information document on the plan, Republican leadership states that it wants to ensure that it is "not playing a 'shell game' where $1 of taxes are cut, but raised by $1 elsewhere." CLIC

Ohio Senate passes its version of Ohio's Budget Bill ​

On June 6, 2013, the Ohio Senate (“Senate”) voted to pass its version of Sub H.B. 59, Ohio's Budget Bill ("Budget Bill"). The Budget Bill was passed in the Senate with a vote of 23-10. The Senate’s version will likely be rejected by the Ohio House of Representatives (“House”) and then be sent to a conference committee which will provide a committee report to the House and the Senate to approve the final version of the Budget Bill. Under the Ohio Constitution, the budget must be in place by July 1, 2013. CLICK HERE FOR FULL BUZZ

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