OH SB22

Updates Ohio law to incorporate changes to the Internal Revenue Code made since March 30, 2017, effective immediately for 2017 tax returns and beyond.

Allows tax-deductible contributions to Ohio 529 plans (variable college savings program accounts) for K-12 education expenses, with a combined annual deduction limit of $4,000 per beneficiary for contributions and tuition unit purchases.

Expands the definition of "qualified higher education expenses" to include K-12 education costs and other expenses meeting federal section 529 standards, rather than limiting to higher education only.

Updates terminology in Ohio college savings program provisions to align with federal qualified tuition program requirements, including changes to definitions of beneficiaries, contributions, and eligible educational institutions.

Declared an emergency measure to take immediate effect, allowing taxpayers to avoid making additional tax adjustments on 2017 returns.