02/13/2024

House Bill 116

Lead Sponsors: Representative Bob Peterson and Representative Thaddeus Claggett

Status: Favorably Reported by House Ways and Means Committee 11-5 (May 2, 2023)

Description: The bill allows businesses in Ohio to claim enhanced depreciation deductions on state income taxes in the same manner as they are generally able to on federal income taxes.

CCAO Position: No position (as of July 2024)