Loading chat...
OH HB188
Bill
Status
6/4/2013
Primary Sponsor
John Becker
Click for details
AI Summary
-
Amends Ohio Revised Code Section 5747.05 to modify the joint filer income tax credit computation for married couples filing jointly.
-
Changes the credit from a percentage-based system (ranging from 5% to 20% depending on income) to a nonrefundable credit equal to the difference between the joint return tax and what the husband and wife would pay combined if filing separate returns.
-
Requires that joint filers pay the same total combined tax amount whether filing jointly or separately, eliminating any marriage penalty or bonus in the tax calculation.
-
Defines key terms including "minimum combined amount of tax" (sum of taxes on separate returns), "adjustment" (federal deductions and Ohio-specific adjustments), and "credit" (credits available under Ohio tax law).
-
Applies to taxable years beginning on or after January 1, 2013.
Legislative Description
To change the computation of the income tax joint filer credit so that the credit results in joint filers paying the same amount of combined tax on a joint return as they would on separate returns.
Income tax-eliminate joint filing penalty
Last Action
To Ways and Means
6/4/2013