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May was a great month for state tax collections in Ohio, with sales and income tax revenue coming in above estimates.
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Ohio Senate lawmakers unveiled hundreds of amendments to House Bill 96, the biennial state budget, which is due June 30.
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Proposals to cut or flatten Ohio's income tax are being talked about again by Republican state lawmakers, but also by the GOP candidates for governor next year.
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The bill doesn鈥檛 adjust the income tax rate for Ohioans who make anywhere between $26,700 and $102,400, since they already fall within that 2.75% bracket.
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Republican lawmakers are once again proposing eliminating Ohio's income tax by no later than 2028, and this bill also would erase the commercial activity tax, which 90% of businesses now don't pay.
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Some advocates for lower-income Ohioans are pushing back against a plan to eliminate the state income tax, which has fallen sharply since 2004.
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The plan could make Ohio the eighth state to eliminate personal income taxes as the main source of state revenue.
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Business & EconomyOhio鈥檚 tax policy took a major shift in 2005 when lawmakers moved away from income tax. Lower income taxes have been sold through the years by Republicans as a way to increase jobs and bring business to Ohio. Now, a policy group鈥檚 new study shows that shift has increased taxes for low and middle-income Ohioans.
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The Commercial Activity Tax was created by Republicans under Gov. Bob Taft in 2005, and raises more than $1.7 billion a year.
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With a little over a day till the deadline on Wednesday, the new two-year state budget is on its way to Gov. Mike DeWine after overwhelmingly bipartisan votes in the House and Senate late Monday evening.