OH SB3

Phases down Ohio's state income tax over two years to reach a flat rate of 2.75% by 2026, eliminating the current graduated bracket structure

For tax year 2025, establishes two brackets: 2.75% on income between $26,700-$102,400, and 3.125% on income over $102,400

For tax year 2026 and beyond, implements a single flat rate of 2.75% on all income exceeding $27,350

Maintains the existing 3% flat tax rate on taxable business income separately from the individual income tax changes

Suspends the Tax Commissioner's annual inflation adjustments to income thresholds for 2025 and 2026