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Reduce taxes on new banks and mortgage lenders

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To amend sections 5726.01, 5726.02, 5726.04, 5726.06, and 5751.01 of the Revised Code to reduce the tax liability of newly formed banks by up to one million dollars per year for their first three years and to exclude the principal balance of mortgage loans sold by a mortgage lender from the lender's commercial activity tax gross receipts.

Current Version

As Enrolled PDF

Effective Date

April 12, 2021

Introduced In House Checked Introduced In House
 
In House Committee Checked In House Committee
 
Reported By Committee Checked Reported By Committee
 
Passed By House Checked Passed By House
 
 
Introduced In Senate Checked Introduced In Senate
 
In Senate Committee Checked In Senate Committee
 
Reported By Committee Checked Reported By Committee
 
Passed By Senate Checked Passed By Senate
 
 
 
Signed By The Governor Checked Signed By The Governor
 

Subjects

Committees

Primary Sponsors

Derek Merrin
 

Cosponsors

Senators
Nickie J. Antonio
Louis W. Blessing, III
Dave Burke
William P. Coley, II
Hearcel F. Craig
John Eklund
Bob D. Hackett
Peggy Lehner
Kristina D. Roegner
Tim Schaffer
Kirk Schuring
Vernon Sykes
Sandra R. Williams
Steve Wilson
 
Representatives
Niraj J. Antani
Sara P. Carruthers
Anthony DeVitis
Bill Dean
Timothy E. Ginter
Brett Hudson Hillyer
Ron Hood
Kris Jordan
Candice Keller
Laura Lanese
George F. Lang
Don Manning
Thomas F. Patton
Rick Perales
Tracy M. Richardson
Craig S. Riedel
Bill Roemer
Mark J. Romanchuk
Bill Seitz
Michael Sheehy
Dick Stein
D. J. Swearingen
A. Nino Vitale
Scott Wiggam
Paul Zeltwanger
 

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The online versions of legislation provided on this website are not official. Enrolled bills are the final version passed by the Ohio General Assembly and presented to the Governor for signature. The official version of acts signed by the Governor are available from the Secretary of State's Office at 180 S. Civic Center Dr., Columbus, OH 43215.