House Budget Would Provide Modest Income Tax Relief

As reported previously in this Leadership Briefing, House leaders this week unveiled their version of the operating budget (House Bill 33).

The initial House budget plan does not include a flat tax, despite being named a priority by House leaders earlier this year. The current draft of the House plan would eliminate an income tax bracket by collapsing the current 3.226% bracket into the 2.765% bracket — and then reducing the rate to 2.75% for earnings between $26,050 and $92,150.

Here are Ohio’s current income tax brackets. 4/19/2023