Last Minute Tax Cuts Pass

A QUICK SUMMARY OF THE TAX CUTS: Pass Through Entity Tax Cut: Ohio has no corporate income tax, but some business owners – such as lawyers and accountants in private practice – claim their business income on their personal income tax returns. These individuals are exempt from paying tax on their first 75% of income (up from 50% in HB59). The Problem: This tax cut is intended to spur job creation – but businesses expand business based on consumer demand, not tax cuts. This wil