Ohio lawmakers look to eliminate highest income tax rate, switch to flat tax

COLUMBUS, Ohio (WCMH) -- Ohio lawmakers are looking to eliminate the state's highest income tax rate and instead switch to a flat tax of 2.75%.

Supporters of the bill said the change would help Ohio compete with neighboring states. Opponents said the bill would mostly benefit the state's wealthiest residents and could lead to higher costs for low- and middle-income residents.

Ohio has three tax rates: 0%, 2.75%, and 3.5% for tax year 2024. House Bill 30 would phase out the...