OH SB384

Creates a Joint Committee on Government Efficiency with 6 members (3 from Senate, 3 from House, no more than 2 from same party per chamber) to review state agencies and recommend eliminations or consolidations.

Committee must issue a written report by August 1, 2014, containing recommendations, estimated annual savings, and draft legislation proposing income tax rate reductions equal to the percentage savings as a share of fiscal year 2014 income tax revenue.

If the committee fails to issue the report by August 1, 2014, a mandatory 5% income tax rate reduction takes effect January 1, 2015 for all taxable years thereafter.

Committee members receive no compensation or expense reimbursement, with costs paid from legislative committee appropriations; committee meets at least monthly starting January 2013 until report is issued.

Amends section 5747.02 to allow income tax reductions based on the committee's recommendations and establishes the committee's authority to request assistance from the Office of Budget and Management in calculating savings estimates.