COLUMBUS—This week, State Senator Jay Hottinger (R-Newark) joined colleague State Senator John Eklund (Munson Township) in introducing legislation aimed at helping Ohio families save for college and disability related expenses. Senate Bill 5 increases the maximum income tax deduction to $10,000 per beneficiary for contributions to college savings accounts and disability expense savings accounts.   

“Senate Bill 5 is an important piece of legislation in pursuit of the Ohio Senate’s goal to reduce the financial burden of higher education because it will allow Ohio taxpayers to keep more of their hard earned money if it is set aside into a college savings account. The legislation also helps families who have a child with a disability by increasing the maximum tax deductions for Ohio’s ABLE saving accounts.” 

By 2020, it is expected that 64 percent of new jobs in Ohio will require a postsecondary education. Senate Bill 5 helps to ensure that Ohio’s workforce is ready for the future and helps families to prepare for future education-related expenses.

During the last General Assembly, Ohio established Achieving a Better Life Experience (ABLE) saving accounts, so that families with a mentally or physically disabled child can have more post-tax dollars available to spend on treatments that arise from the disability. Senate Bill 5 will build on the success of this program, alleviating some of the financial burden associated with raising a child with a disability. 

Senator Jay Hottinger recognizes the financial burdens associated with providing medical care for a loved one living with a disability. Last year, Hottinger was named Legislator of the Year for the Ohio Association of County Boards of Developmental Disability.

“Ohio should always look for ways to help those with disabilities succeed and Senate Bill 5 will be one more tool that families can use to help their children lead fulfilling lives," said Hottinger. 

 
 
 
  
Featured Posts

Hottinger Honored For Support Of Ohio Children Services Agencies

 

COLUMBUS—State Senator Jay Hottinger (R-Newark) was named Legislator of the Year today in recognition of his continued support for the children served by Ohio's children services agencies during a special presentation at the Public Children Services Association of Ohio's annual conference. 



 
 

Hottinger Announces Funds For Local Law Enforcement, Connecting Overdose Survivors With Recovery Services

 

"Addiction destroys lives and wrecks families, which is why this investment to tackle the problem here in Tuscarawas County is so vitally important," said Hottinger. "For some, intervention by law enforcement and drug treatment professionals will mean the difference between death and recovery." 



 
 

Education Begins In The Home

 

Each new school year brings fresh challenges and responsibilities not only for students, but also for us as parents. Students whose parents take an active role in supporting their education perform better in class, stay more engaged and are more likely to stay in school than those students whose parents are not involved. Children whose parents consistently spend time with them have a higher self-esteem and stronger motivation to succeed in the classroom. 



 
 

Hottinger Applauds Facebook Plans To Construct New Data Center In Licking County

 

"Facebook coming to central Ohio is a welcome addition to Licking County and will pair great with Amazon and the growing number of technology companies already located here. The investment and jobs that Facebook will bring is a major boost to Licking County’s 21st Century economy. Our residents should be proud that our workforce has the talent to attract some of the world's most innovative companies. Investments like these are making Ohio the Silicon Valley of the East."