Regards taxpayer deduction for depreciation, enhanced expensing
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HB 69 — Regards taxpayer deduction for depreciation, enhanced expensing
Last action — Referred to committee
No card. One bill, free forever — alerts when it moves.
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1Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill has been introduced in the House. Introduced February 10, 2025. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
To amend sections 5733.40, 5747.01, and 5747.05 of the Revised Code to allow taxpayers to deduct in a single year the full bonus depreciation and enhanced expensing allowances the taxpayer deducts for federal income tax purposes.
Bill Text
- Introduced As Introduced Current pdf
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill allows taxpayers to deduct the full bonus depreciation and enhanced expensing allowances in a single year for state income tax purposes, aligning with federal treatment.
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Section 5733.40
allow taxpayers to deduct in a single year the full bonus depreciation and enhanced expensing allowances the taxpayer deducts for federal income tax purposes.
This introduces new provisions to allow for immediate deduction of certain expenses that were previously subject to different treatment.
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Section 5747.01
allow taxpayers to deduct in a single year the full bonus depreciation and enhanced expensing allowances the taxpayer deducts for federal income tax purposes.
This change establishes that state income tax deductions will mirror federal deductions regarding bonus depreciation.
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Section 5747.05
allow taxpayers to deduct in a single year the full bonus depreciation and enhanced expensing allowances the taxpayer deducts for federal income tax purposes.
This update ensures that taxpayers can benefit from immediate deductions for state purposes, similar to federal tax benefits.
Action History
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As Introduced
Sponsors
- Bob Peterson · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 133 not signed on
Sponsors (1)
- Bob Peterson Republican
Co-sponsors (0)
None.
Not signed on (133)
133 members have not signed on to this bill.
Show all 133 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HB 69 do?
- To amend sections 5733.40, 5747.01, and 5747.05 of the Revised Code to allow taxpayers to deduct in a single year the full bonus depreciation and enhanced expensing allowances the taxpayer deducts for federal income tax purposes.
- Who sponsors HB 69?
- HB 69 is sponsored by Bob Peterson (Republican).
- What is the current status of HB 69?
- This bill has been introduced in the House. Introduced February 10, 2025. It must pass committee before a floor vote.
- Where can I track HB 69?
- Track HB 69 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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