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Ohio lawmakers begin push to repeal estate tax

By admin Published: January 11, 2011

Ann Sanner
Associated Press

COLUMBUS: Republican state lawmakers have started a push to do away with Ohio's tax on money and possessions left after death.

Getting rid of the estate tax is a priority of GOP Gov. John Kasich and Ohio House Speaker Bill Batchelder.

Supporters plan to introduce a bill Monday to repeal the tax, which they argue drives people away from the state. They say they have one Democrat backing the plan so far.

The tax is paid on residents' estates valued at roughly $338,000 or more when they die. Eighty percent of the tax goes to local governments, which have strongly opposed any change.

In the fiscal year that ended in June, the state got about $55 million from the tax. That's about one-third of 1 percent of overall tax revenue the state received.

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