Incentives and Tax Reform
Ohio’s revamped tax system provides the lowest taxes in the Midwest.
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Ohio Tax and Incentive Resources
- Ohio Tax Reform Brochure
- Ohio Economic Development Incentives Overview
- Tax Foundation Ratings Fail as Credible Source
- E&Y State Tax Competitiveness on New Investment
Additional Resources
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Today, your competition comes from every corner of the world, and your business needs every advantage to survive and prosper. With that in mind, Ohio lawmakers dramatically revamped the state’s tax structure, creating the lowest rates in the Midwest and an extremely profit-friendly business climate for companies that locate here. Ohio also boasts a number of grants and incentives to keep your business competitive. Ohio provides the tools you need to win in a global economy.
Ohio's new taxation system means businesses can:
- Reduce operating costs – No tax on inventory or corporate income
- Enhance productivity – No tax on investments in machinery and equipment
- Attract talent – Shrink labor costs through a 21 percent reduction in personal income tax
- Enjoy a level playing field – All companies taxed the same low rate
- Boost return on investment – No tax on product sold to customers outside Ohio
- Reward entrepreneurship – First $1 million in gross receipts are tax-free; companies with sales between $150,000 and $1 million pay only a $150 flat fee