COLUMBUS— Ohio Senate President Larry Obhof (R-Medina) today announced the Senate's passage of legislation that will reduce the tax burden for Ohio's wounded veterans. 

Senator Obhof co-sponsored Senate Bill 22, which seeks to harmonize recent changes to the federal tax code with Ohio's income tax law. This legislation ensures that Ohio's combat-injured veterans can take advantage of tax savings for the benefits they have earned for their service. 

"This legislation protects Ohio's combat-injured veterans, giving them the ability to take advantage of tax benefits that they are entitled to," said Obhof. "This puts the necessary changes in place as we go through the current tax filing season, ensuring that veterans can keep more of their hard-earned money."

Changes to the federal tax code were made in December 2016 and Senate Bill 22 conforms to those changes, in order to avoid conflicting state and federal tax rules.

"Ohio's brave wounded veterans have already paid so much in their service to our country," said Senator Bob Peterson, the bill's primary sponsor. "That is why I am proud of Senate Bill 22, which demonstrates our commitment to Ohio's veterans." 

Enacting this bill will permit combat-injured veterans to receive all the benefits allowed by the IRS, eliminating additional complexity when filing their taxes.

In addition, this bill ensures that Olympic and Paralympic athletes, whose Federal Adjusted Income is less than $1 million, do not have to pay income tax on the medals they receive.

This legislation now goes to the House of Representatives for further consideration.

 
 
 
  
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