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Ohio House budget plan includes 6.6% personal income tax cut

Posted at 9:02 PM, May 08, 2019
and last updated 2019-05-08 21:02:57-04

COLUMBUS — House lawmakers have proposed a hefty reduction in the state income tax cut as part of the latest version of the state budget.

The $69 billion spending plan approved by the House Finance Committee Wednesday eliminates personal income taxes for those earning less than $22,500 and enacts a 6.6% cut for everyone else. Minority Democrats joined majority Republicans in a rare unanimous vote.

Over the objection of some business groups, the plan also lowers a business income deduction from the first $250,000 in income to the first $100,000.

The proposal increases the minimum salary for Ohio teachers from $20,000 to $30,000 annually, and adds $125 million to Gov. Mike DeWine’s education proposal.

A full House vote is expected Thursday. The bill would go next to the Senate.