Allow state income tax deduction for overtime wages in Ohio.

Ohio HB39 amends the state's tax code to allow a deduction for overtime wages in computing state income tax. This bill modifies section 5747.01 of the Revised Code to include overtime wages as a deductible expense for taxpayers. The deduction applies to overtime wages paid in accordance with state or federal law, up to the amount not already deducted or excluded from federal or state adjusted gross income. This change aims to align state tax treatment with federal tax treatment for overtime wages.

Allow state income tax deduction for overtime wages in Ohio.

Ohio HB39 amends the state's tax code to allow a deduction for overtime wages in computing state income tax. This bill modifies section 5747.01 of the Revised Code to include overtime wages as a deductible expense for taxpayers. The deduction applies to overtime wages paid in accordance with state or federal law, up to the amount not already deducted or excluded from federal or state adjusted gross income. This change aims to align state tax treatment with federal tax treatment for overtime wages.