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Ohio Ways and Means Committee reports Senate Bill 9 after tabling decoupling amendment
Summary
The committee voted to lay a Republican-led amendment seeking to decouple a capital-gains exclusion from federal tax conformity on the table and then favorably reported Senate Bill 9, which updates Ohio law to incorporate recent Internal Revenue Code changes.
Chairman Romer opened the committee’s third hearing on Senate Bill 9, which would incorporate recent Internal Revenue Code changes into Ohio law. No in-person public testimony was offered; the committee had technical staff available from the Ohio Society of CPAs and the Department of Tax.
An amendment originating from the Department of Tax (amendment 136_1715) that codifies the definition of a dependent was offered and accepted unanimously as…
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