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Ohio Ways and Means Committee opens first hearing on Senate Bill 9 to align state code with federal tax changes
Summary
The committee heard sponsor, Department of Taxation and CPA testimony on Senate Bill 9, a federal tax‑conformity bill; officials urged rapid enactment to ease filing, while some members warned of sizable near‑term revenue costs and potential windfalls to large tech/data centers.
Chairman Romer convened the House Ways and Means Committee to hear sponsor and agency testimony on Senate Bill 9, a conformity bill intended to incorporate federal Internal Revenue Code changes into Ohio law and avoid added paperwork for taxpayers and preparers.
Senator Blessing, sponsor of the measure, said the bill generally follows last year’s conformity work but flagged three sections that merit closer review: a change to section 168(n) tied to qualified production property (highlighted as primarily affecting HVAC and roofing), a modification to IRC section 174(a) that restores immediate expensing for certain research and experimental (R&E) expenditures, and a change to the business interest limitation. “The retroactive provision in…
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