Update: House Bill 508 was enacted on June 6, 2012.
On March 14, Ohio Republican Governor John Kasich announced his "Mid-Biennium Budget Review" ("MBR"). Governor Kasich's MBR reflects changes affecting three primary subjects: education, energy, and taxation. Shortly after his announcement, Governor Kasich caused to be introduced in the General Assembly three separate bills, one addressing each subject. The tax changes appeared in H.B. 487.