Obhof Joins Governor for Signing of Bill Easing the Tax Burden for Ohio's Disabled Veterans
COLUMBUS—Senate President Larry Obhof (R-Medina) today joined Governor Mike DeWine for the signing of House Bill 18, which will exempt veterans who receive disability severance pay from being taxed on that income.
"Easing the tax burden for those who have already sacrificed so much is the least we can do for the men and women who have selflessly served our country," said Obhof. "This legislation is one small way to show our gratitude and respect for our veterans."
In 2016, Congress passed "The Combat-Injured Veterans Tax Fairness Act," which addressed the improper taxation of disability severance pay that should have been tax-exempt. House Bill 18 seeks to do the same in Ohio.
The legislation also mirrors federal law by offering veterans who have paid state income tax on their disability severance payments, a one-time, retroactive tax credit, going back as far as January 17, 1991. House Bill 18 provides veterans a two-year period during which they can claim the retroactive credit.