Rep. Ron Young Supports House Bill 483, Cutting Ohio Taxes By Over $400 Million In Tax Year 2014
Governor Kasich Signs Bill as Part of Mid-Biennium Review
June 19, 2014
[ Ron Young Home | Ron Young Press ]

COLUMBUS—Representative Ron Young (R-Leroy) today applauded the signing of House Bill 483 earlier this week by Governor John Kasich.   The legislation, which is the main component of the Mid-Biennium Review (MBR), cuts personal and business taxes, while striving to initiate reforms to state spending, agency operations, and state policies and programs.

“I am very pleased with the 10 percent state income tax reduction and the small business tax reduction for tax year 2014. These personal and business tax cuts represent $400 million in tax relief for 2014 and will help more businesses choose Ohio as a place to hire and expand,” said Rep. Young, who strongly supported the bill.  “The message this legislation sends is that Ohio is open for business and continuing our strong record of job creation this session, while still caring for the most vulnerable among us. We have a long way to go, but legislation such as HB 483 is helping to once again make Ohio a national leader.”

House Bill 483 accomplishes the goal of putting more money into Ohioans’ pockets and supporting local services that will strengthen Ohio’s communities. It maintains the Ohio House’s continued commitment to laying a foundation for a successful future for the state as a whole and for the families and small businesses within Ohio’s borders. Through a series of tax cuts and new tax relief for low- and middle-income Ohioans, House Bill 483 prioritizes the issues that matter most to Ohioans:  services for the poor and vulnerable, additional resources for education, and vital investments in local governments. 

Some components of House Bill 483 include:

  • A total of $400 million in tax relief for tax year 2014, including $225 million in tax relief for small businesses through a one-time increase of the small business tax credit and $175 million for individuals by accelerating the income tax reduction as well as changes to the personal exemption and earned income tax credit

  • Commits $10 million in additional funding to protect vulnerable older Ohioans

  • Appropriates $10 million in funding for fiscal year 2015 for Child Protective Services to provide additional safeguards for Ohio’s children

  • Ensures more uninterrupted access to quality childcare and early education for Ohio families and provides $16 million for this purpose

  • Redirects $47.5 million in funding from House Bill 59 for Mental Health and Addiction Services to provide a comprehensive continuum of care for the mentally ill and addicted

  • Provides $17 million for security upgrades at public and private schools statewide

  • Establishes a statewide system to evaluate caseworkers on the success of elevating Ohioans off of public assistance

  • Gives more flexibility to county boards of developmental disabilities in staffing and shared services

  • Grants the Board of Pharmacy more resources to upgrade the OARRS system to fight the opiate epidemic

  • $2.5 million for the Adult Opportunity Pilot Program, which will permit an eligible community college, state community college, technical college, or Ohio Technical Center to offer a program to allow eligible students to obtain a high school diploma

  • Compels the Ohio Department of Job and Family Services to develop and implement a data match program to intercept child support from lottery prize awards and casino winnings if an individual is determined to be in default.

  • Requires the administrator of a long-term care facility to search an individual’s name in the Attorney General’s sex offender database before admitting the individual as a resident of the facility and follow certain protocols if the individual is found to be a sex offender

"This report will help our communities lift more of our people to better places,” said Chairman of the House Finance and Appropriations Committee Ron Amstutz (R-Wooster). “It helps all state income taxpayers by changing our decision to cut this year’s rate by 8.5% to make the cut 10% instead. It helps lift low income Ohioans by increasing the Earned Income Tax Credit from 5% to 10% at a cost of $25 million. It also disproportionately helps lift our lower income citizens by increasing the state income tax personal exemption for individuals under $40,000 in income by $550 to $2,250 and for individuals above $40,000 up to $80,000 by $250 to $1900. It further helps lift our employment environment by lowering the tax burden on our small- and medium-sized employers."

Governor Kasich recently signed House Bill 483 into law at the Mid-Ohio Foodbank in Grove City.


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