Lang Announces Bill to Eliminate State Income Tax
COLUMBUS—State Senators George Lang (R-West Chester) and Steve Huffman (R-Tipp City) today announced the introduction of Senate Bill 216, removing the personal income tax and Commercial Activity Tax. Senate Bill 216 keeps more money in Ohioans' pockets and encourages families and businesses to move to the Buckeye State and stay here. This legislation will reduce the state income tax over a period of time based on the economy and other factors.
"This legislation is critical to making Ohio the most business-friendly state in the nation," said Lang. "To lead the country in advanced manufacturing, Ohio must create a welcoming business environment. This includes: cutting taxes and regulations, developing our workforce, providing affordable and reliable energy, and using our access to water to our advantage. Senate Bill 216 is part of the puzzle."
The Ohio General Assembly instituted a state income tax in 1971. Since then, the State of Ohio has been driving business away, at one point having nine different tax brackets. Ohio has reduced tax brackets to two over the last decade. Now it is time to take the last step and eliminate this tax.
Nine other states have enacted similar legislation to cut the state income tax. Those states have seen positive population growth and increased revenue.
To watch today's press conference, click here.