South Ohio News

State Representatives Adam Mathews (R-Lebanon) and Brian Lampton (R-Beavercreek) have partnered with State Senators George Lang (R-West Chester) and Stephen A. Huffman (R-Tipp City) to introduce a groundbreaking legislation aimed at eliminating the state income tax and the commercial activities tax (CAT) in Ohio.

Mathews believes that this step will help Ohio reclaim its position as the economic engine of the Midwest. He states, "Ohio is ready to reclaim our role as the economic engine of the Midwest. This step ensures Ohio is a destination for businesses to grow and attract people who want to work and live here, raise a family, and truly thrive."

Lampton is confident that eliminating the state income tax will significantly improve the lives of Ohioans. He says, "Eliminating the state income tax will change the lives of Ohioans for the better. Our goal is to make Ohio the best place to work, live, and raise a family."

For Lang, it is crucial to take every possible step to strengthen Ohio's economy. He explains, "It is imperative that we take every possible step to strengthen Ohio's great economy- and this legislation will do just that. I am proud to work with my colleagues in the House and Senate to bring home tax cuts to Ohio's residents and businesses and continue our fight to make Ohio the most business-friendly state in the Union."

Huffman, who introduced a similar bill in the past, is excited to work with his fellow legislators to cut taxes for everyday Ohioans. He states, "This legislation builds upon my bill from the 134th General Assembly, Senate Bill 327. I look forward to working with my joint sponsor Senator Lang and Representatives Mathews and Lampton to cut taxes for everyday Ohioans."

These companion pieces of legislation will be introduced in both the Ohio House and Senate. The goal is to eliminate the state income tax and the CAT by 2030 through a phased-in approach. This approach will gradually reduce the top rate of 3.99% to 0% by 2030.

By eliminating these taxes, the legislation aims to create a more competitive business environment, stimulate job creation, and enhance the overall economic well-being of Ohioans. If successful, Ohio will become the tenth state to eliminate its state income tax.

The legislation is now awaiting bill numbers and committee assignments, signaling a significant step towards achieving tax cuts for Ohioans and creating a more business-friendly environment in the state.