OH HB485

Reinstates the state income tax deduction for qualified higher education tuition and fees that expired December 31, 2005, effective for taxable years beginning January 1, 2016 and thereafter.

Allows married couples filing jointly with combined federal adjusted gross income not exceeding $100,000, or single filers with income not exceeding $50,000, to deduct qualified tuition and fees paid for eligible Ohio institutions.

Defines qualified tuition and fees as up to $2,500 per year for the first two years of post-secondary education, or $5,000 total for part-time students over five years, excluding books, room and board, and expenses covered by scholarships or employers.

Deduction applies only to tuition and fees not otherwise deducted or excluded from federal or Ohio adjusted gross income and cannot be claimed for education expenses qualifying for other credits under section 5747.27.

Amends section 5747.01 of the Revised Code to modify definitions related to adjusted gross income, eligible institutions, and qualified tuition and fees.