State Senator Larry Obhof (R–Medina) announced the Senate’s recent passage of bills to accelerate the implementation of the state’s 10 percent income tax reduction passed by the legislature last year.

House Bill 483 updates Ohio’s two-year operating budget and speeds up the phase-in period for the state’s planned 10% income tax cut. The bill also temporarily increases the small business income tax deduction from 50% to 75% (for tax year 2014).

“House Bill 483 is an important step in ensuring Ohio’s long-term fiscal stability,” said Obhof. “It is also important to provide additional tax relief to Ohio’s citizens, and I am glad we were able to do so in this bill.”

Senate Bill 263 would require the Ohio Department of Taxation to notify businesses when they overpay their taxes and to provide automatic refunds in such situations. Current law does not require the Department to proactively refund amounts that were overpaid, instead leaving the burden of locating and reporting errors on individual businesses. Senate Bill 263 was introduced after it was discovered that the Department of Taxation was withholding millions of dollars in overpayments without notifying the affected taxpayers.

“Senate Bill 263 will protect taxpayers and will help ensure that problems like this do not happen again,” Obhof said.

Both bills will now proceed to the Governor for his signature.

Featured Posts

Obhof Announces Redistricting Reform Ballot Language Approved For Ohioans' Vote In May


COLUMBUS—Ohio Senate President Larry Obhof (R-Medina) today announced the Ohio Ballot Board unanimously approved the language for the redistricting reform proposal that will go before Ohio voters as Issue 1 on May 8.


Obhof Announces 2019 Legislative Fellowship Program


COLUMBUS—Ohio Senate President Larry Obhof (R-Medina) today announced that the Ohio Legislative Service Commission (LSC) is accepting applications through April 1, 2018 for the 2019 Legislative and Telecommunications Fellowship Program. The Commission will hire 24 fellows to serve in the Ohio General Assembly for the 2019 calendar year.


Obhof Signs Historic Congressional Redistricting Plan


COLUMBUS—Ohio Senate President Larry Obhof (R-Medina) yesterday signed a resolution which will reform the process for drawing Ohio's congressional districts. After months of public input and weeks of negotiations between leaders from both parties, Senate Joint Resolution 5 passed the Ohio Senate this week with a unanimous, bipartisan vote. It also passed the Ohio House with strong support and now goes to the May ballot for Ohio voters to approve. Obhof co-sponsored the resolution and was one of the lead negotiators for the eventual compromise.


PHOTO: Obhof Honors Brunswick Family For Winning National Educational Choice Video Contest


COLUMBUS—Ohio Senate President Larry Obhof (R-Medina) recently recognized the Fife family from Brunswick on the Senate floor for winning the nationwide Choices in Education National Video Contest sponsored in part by The Foundation for Excellence in Education.