OH SB6

Increases the maximum annual Ohio income tax deduction for college savings contributions from $2,000 to $10,000 per beneficiary, with excess amounts carried forward to future tax years.

Allows the deduction for contributions to variable college savings program accounts and tuition unit purchases under Ohio's college savings program to the extent not deducted on federal returns.

Creates the Joint Committee on Ohio College Affordability composed of five Senate members and five House members appointed within 30 days, with an initial meeting required within 60 days.

Requires the Joint Committee to study and develop strategies to reduce college and university costs in Ohio, consulting with the Chancellor of the Ohio Board of Regents and higher education representatives, and submit findings to the Governor and legislative leadership within one year before dissolving.

Declares the act an emergency measure effective immediately to address rising higher education costs burdening Ohio families.