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Bill

HB 140

Authorize the refundable thriving families tax credit

136th Legislature (2025-2026) Introduced by Munira Abdullahi and 24 co-sponsors

Ohio HB 140 creates a refundable tax credit to provide direct financial payments to eligible families, potentially reducing household costs while impacting state revenue.

Referred to committee
#childcare #healthandhumanservices #taxation
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Bill Summary · HB 140

Legislative bill overview

HB 140 establishes a refundable tax credit in Ohio designed to provide financial support to families, with the credit being refundable meaning taxpayers can receive payments even if they owe no tax liability. The bill was introduced in February 2025 and is currently in committee review. Specific details about credit amounts, eligibility criteria, and income thresholds are not provided in the available information.

Why is this important

Tax credits targeting families can significantly affect household budgets and state revenue. A refundable credit is particularly impactful because it functions as a direct cash payment to lower-income households who may not owe taxes, potentially reducing child poverty and increasing consumer spending. The state revenue impact and effectiveness depend heavily on the credit's design parameters, which determine how many families qualify and at what cost to the state budget.

Potential points of contention

  • Fiscal impact: The cost to Ohio's general revenue fund and whether it requires tax increases, spending cuts, or relies on projected economic growth to offset expenses
  • Eligibility and targeting: Disagreement over income thresholds, family structure definitions, and whether the credit adequately reaches intended beneficiaries versus providing broad-based tax relief
  • Program design: Debate over credit amounts, phase-out rates, and administration complexity, particularly regarding IRS coordination and fraud prevention for refundable payments

Compiled from official sources — confirm details with the bill’s official record.

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