Tax Analysis of Kasich's 2018 Budget

PDF/Printer Friendly Version House Bill 49 Introduced – Will Cost Business $1.2 Billion Over Next Two Years Last week, Governor John Kasich introduced an overview of his biennial budget plan, which would lower personal income taxes by $3.1 billion over the biennium, while increasing other taxes by over $3.0 billion. We estimate that the tax shift would cost business $1.2 billion over the next two years. On Wednesday, the Ohio House of Representatives released the biennial budget legislative language in House Bill 49 (“Bill” or “H.B. 49”). The Bill is fairly consistent with Governor Kasich’s budget overview released the week before. However, there are some areas where the language may have

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