Rep. McNally reintroduces bill that aims to benefit Ohio families making less than $65k a year
Ohio Representatives Lauren McNally of Youngstown and Crystal Lett of Columbus have reintroduced the Thriving Families Tax Credit to Ohio legislation which aims to help middle to low-income families in the state.
"Ohio families are asking for help, and the Thriving Families Tax Credit sends a strong message that we are listening," said Rep. McNally. "If we really want Ohio to be the best place in the country to raise a family, then we need to start putting families first."
The bill, also known as House Bill 140, as written will provide a benefit of up to $1,000 per child ages 0-5 and $500 per child ages 6-17 for families making less than $65,000 a year. Families making between $65-85k a year will be viable with benefits tapering.
It is estimated that around 1.8 million children across Ohio could benefit from this bill.
"Tax burden overwhelmingly falls on the working class and that burden is being felt now more than ever. The Thriving Families Tax Credit is a fiscally responsible solution to that problem and alleviates the high cost of living," said Rep. Lett.
Ohio would be joining states like Utah, New Mexico, Vermont, and ten other states in introducing a bill for refundable or non-refundable state-level child tax credits.
The Thriving Families Tax Credit currently awaits committee assignment.
Below is a copy of the Thriving Families Tax Credit or House Bill 140.
