OMA Leads Support for Bipartisan Tax Relief Bill

As previously reported, federal legislation has been introduced to restore three tax priorities for manufacturers. OMA Connections Partner Plante Moran has published this summary of the legislation.

The OMA is part of a large national coalition that’s urging congressional leaders to enact the bipartisan Tax Relief for American Families and Workers Act.

The OMA has also coordinated this letter to Ohio’s congressional delegation, signed by the state’s key business organizations. The letter specifically highlights the bill’s proposed changes for the immediate expensing of domestic R&D expenses, enhanced interest deductibility, and 100% accelerated depreciation. 1/24/2024