Authorizes a refundable thriving families tax credit for Ohio taxpayers with dependents who are minor children.

Ohio HB140 amends sections 5747.01, 5747.08, and 5747.98 and enacts section 5747.36 of the Revised Code to authorize the refundable thriving families tax credit. This credit is available to individual taxpayers with one or more qualifying children and a household income for the taxable year that does not exceed $65,000. The credit amount is $1,000 for each qualifying child under six years old and $500 for each other qualifying child.

Authorizes a refundable thriving families tax credit for Ohio taxpayers with dependents who are minor children.

Ohio HB140 amends sections 5747.01, 5747.08, and 5747.98 and enacts section 5747.36 of the Revised Code to authorize the refundable thriving families tax credit. This credit is available to individual taxpayers with one or more qualifying children and a household income for the taxable year that does not exceed $65,000. The credit amount is $1,000 for each qualifying child under six years old and $500 for each other qualifying child.