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