Policy Matters Ohio: Flat Income Tax Would Gut Ohio’s Budget

Policy Matters Ohio: Flat Income Tax Would Gut Ohio’s Budget

Ohio’s House Ways and Means Committee today holds its first hearing on HB 30, a bill that would tax the income of everyday Ohioans at the same rate as the state’s wealthiest households. The bill would eliminate the state’s top income-tax bracket of 3.5% on income above $100,000. By tax year 2026, Ohio would be left with a single rate of 2.75% on income above $27,350.