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OH HB570
Bill
Status
Introduced
2/15/2022
Primary Sponsor
Joseph Miller
Click for details
AI Summary
- Allows an Ohio income tax deduction of up to $10,200 for unemployment compensation and pandemic unemployment assistance received during the 2021 calendar year
- Deduction is applied against federal adjusted gross income when computing Ohio adjusted gross income
- Permits taxpayers who already filed 2021 returns to either amend those returns to claim the deduction or claim a refundable credit against their following taxable year's tax liability
- Refundable credit equals the difference between taxes actually paid for the preceding year and taxes due after applying the deduction
- Any credit amount exceeding total tax liability shall be refunded to the taxpayer
Legislative Description
Allow income tax deduction for certain unemployment benefits
Employment : Unemployment
Last Action
Refer to Committee: Ways and Means
3/1/2022
Committee Referrals
Ways and Means3/1/2022
Full Bill Text
No bill text available