This week the House Ways and Means Committee heard sponsor testimony from Reps. Robert Sprague (R-Findlay) and Stephanie Howse (D-Cleveland) on House Bill 155, a bill that would make employers eligible for up to a 50% match of up to $50,000 in an annual tax credit against the commercial activity tax (CAT) to train new drivers. Statewide, the tax credit would be limited to $3,000,000 per year.
The bill is just another in a long line of CAT credit proposals that the General Assembly has considered since the inception of the CAT in 2005. All new carve outs or credits to the tax strain its low rate and increase the likelihood of a rate increase.
The OMA continues to work with allies to protect the broad base and low rate of the current tax structure. 5/18/2017