Rep. Perales Applauds Bipartisan Passage Of Biennial Budget
Am. Sub. H.B. 64 cuts taxes, helps the region's small businesses and provides support for aerospace workforce development initiatives.
April 24, 2015
 
[ Rick Perales Home | Rick Perales Press ]
 
 

Representative Perales (R-Beavercreek) today applauded the House passage of Amended Substitute House Bill 64, the biennial state budget bill that allocates funding to schools, community projects and government initiatives, as well as providing significant tax relief to all Ohioans and small businesses in the state.


As part of Am. Sub. House Bill 64, Ohioans will see a sizable tax cut totaling $1.2 billion over the biennium with a 6.3 percent across-the-board income tax reduction beginning this year, lowering the top rate to just under 5 percent. The bill prioritizes small businesses by permanently instituting a 75-percent tax deduction for the first $250,000 in income, ensuring that businesses can grow and create jobs. A commission has also been created in the legislation to discuss further tax reform for the benefit of Ohioans and Ohio businesses.


Included in the bill was an amendment offered by Representative Perales that creates the Ohio Military Facilities Commission, which would provide state funding to military installations in Ohio to ensure that they are prepared for the upcoming Base Realignment and Closure (BRAC).


“It was an honor to represent the region on the Finance Committee and I am very proud of what we have been able to accomplish with this budget,” said Representative Perales. “Under the leadership of Speaker Rosenberger, we have been able to cut taxes for the working class, while also funding great programs like the Defense and Aerospace Workforce Development Initiative and the Ohio Military Facilities Commission.  I believe programs like this will provide economic and educational benefits not only to the Greene County and the Miami Valley area, but the whole state of Ohio.”


On the issue of school funding, Am. Sub. House Bill 64 appropriates $950 million in state-aid—increasing the executive proposal by $270 million. The school funding component of the bill ensures that no school will see a decrease in state funding over the next two years.  Additionally, the passed legislation allocates funding to make up for dollars lost because of the TPP and KWH reimbursement phase-out.


Pertaining to higher education, the budget bill prohibits colleges and universities from charging an overload fee to students for taking more than a certain number of credit hours. Provisions in the bill also require colleges participating in the College Credit Plus Program to offer an associate degree pathway and fund the Workforce Grant Program.


With a focused approach on guaranteeing that Ohioans are able to get the health care they need, the budget proposal develops a plan to assist individuals who need help getting off government aid by implementing cost transparency measures, requiring the Department of Medicaid to seek waivers to allow for savings accounts and work requirements, and requiring a report of clinical care and outcomes of the Medicaid expansion population to be examined by the General Assembly.


The House’s budget plan has received support from various business groups and interested parties for its business-friendly tax initiatives. Some of these groups include the Buckeye Institute, Americans for Tax Reform, the Council of Smaller Enterprises, the Ohio Farm Bureau, the Ohio Society of CPAs, the Ohio Manufacturers’ Association, the National Federation of Independent Business/Ohio (NFIB), the Greater Cleveland Partnership, the Ohio Chamber of Commerce and the Ohio Council of Retail Merchants.


Am. Sub. House Bill 64 will now head to the Senate for further consideration.

 
 
 
  
Featured Posts

Rep. Rick Perales Appointed To Chair Of House Higher Education Subcommittee

 
Columbus - 

Today, Speaker of the Ohio House Clifford A. Rosenberger (R-Clarksville) appointed Rep. Rick Perales (R-Beavercreek) as chair of the House Finance Higher Education Subcommittee.



 
 

Rick Perales Sworn In As State Representative Of The 73rd House District

 
COLUMBUS - 

State Representative Rick Perales (R-Beavercreek) recently was sworn in as a member of the Ohio House of Representatives for the 130th General Assembly. He represents the 73rd Ohio House District, which includes Bath Township, Beavercreek, Bellbrook, Centerville, Clifton Village, Fairborn, Huber Heights, Kettering, Miami Township, Sugarcreek Township and Yellow Springs Village.