❌ HB87
Enact Strategic Tax Opportunities for Raising Kids (STORK) Act
Summary
The bill amends sections of the Ohio Revised Code to authorize tax incentives for conceived children and certain child care items, including exemptions for specific sales related to child care. It establishes personal exemptions based on modified adjusted gross income for taxpayers and their dependents, including conceived children. The changes apply to taxable years ending on or after January 1, 2026.
Rationale
The bill introduces tax incentives and exemptions that increase government involvement in personal financial decisions, which conflicts with the Libertarian Party's principles of minimal government intervention and individual autonomy. The Libertarian Party of Ohio also opposes increased taxation and government spending, which this bill supports through tax incentives.
Risks and Concerns
- Increased government control over personal financial decisions
- Potential for cronyism in tax incentive distribution
- Encouragement of dependency on government support