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House Ways and Means holds first hearing on bill to align Ohio tax law with federal disaster-relief changes
Summary
The Ohio House Ways and Means Committee held a first hearing on House Bill 14 to incorporate recent Internal Revenue Code changes enacted by the Federal Disaster Tax Relief Act of 2023 into Ohio law.
The Ohio House Ways and Means Committee held a first hearing on House Bill 14 to incorporate recent Internal Revenue Code changes enacted by the Federal Disaster Tax Relief Act of 2023 into Ohio law.
Committee sponsors described the measure as a housekeeping, tax-conformity bill intended to make state income tax filings consistent with the federal changes that took effect after March 15, 2023. The federal act allows taxpayers affected by federally declared disasters to deduct certain personal casualty losses without itemizing, and it altered the federal adjusted gross income…
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