House Ways and Means committee favorably reports House Bill 14 to conform Ohio tax code to recent federal changes

House Bill 14, a tax-conformity measure to incorporate certain federal tax changes into Ohio law, was favorably reported by the Ohio House Ways and Means Committee by unanimous roll call, the committee said during its meeting. Vice Chair Thomas moved to favorably report the bill and the committee notified the clerk to prepare it for the House floor session.

The bill would adopt federal tax changes that became law after March 15, 2023, through the bill’s eventual effective date, with supporters saying the measure is primarily needed to conform to the federal disaster tax relief enacted in late 2023. ‘‘On behalf of our members, I’m Greg Saul, vice president of government relations for the Ohio Society of CPAs. We commend Chair Romer and Representative Workman, for sponsoring this legislation, to incorporate into Ohio law, any federal, tax changes that were made to the Internal Revenue Code, that became law between 03/15/2023 and House…