Personal Taxes

Ohio Home GOP Spend Plan Consists of 2% Revenue Tax Discount

The plan also includes a revision of the way the state funds schools to make them more equitable

by: The Associated Press

Posted: Apr 13, 2021 / 11:28 PM EDT
Updated: April 13, 2021 / 11:28 p.m. EDT

COLUMBUS, Ohio (AP) – House Republicans have proposed a 2% cut in income tax in their version of the state budget.

Legislature says taxes will total $ 380 million over a two-year period beginning July 1.

The plan unveiled on Tuesday also includes a revision of the way the state funds schools to make them more equitable.

The nearly $ 2 billion proposal stipulates that the changes will take place over the next six years and that no school district will lose funding during the phase-in phase.

The budget also includes previously announced $ 155 million in grants to help industries negatively affected by the coronavirus pandemic.

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