COLUMBUS - 

State Senator Larry Obhof (R-Medina) today announced the passage of legislation which harmonizes recent changes to the federal tax code with Ohio's income tax law, saving Ohioans up to $18.9 million in taxes.

“Senate Bill 2 protects Ohioans’ ability to take advantage of tax benefits that they are entitled to,” Obhof said. “This puts the necessary changes in place as we go through the current tax filing season, and it will help Ohioans’ keep more of their hard-earned money.”

Changes to the federal tax code were made in December 2015 necessitating the passage of Senate Bill 2 in order to avoid conflicting state and federal tax rules.

Tax provisions extended or made permanent with the passage of Senate Bill 2 include the Enhanced Earned Income Tax Credit; tax-free distributions from individual retirement plans for charitable purposes; and deductions for qualified tuition and related expenses among others. 

Senate Bill 2 now goes to the Governor for his signature. 

 
 
 
  
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