The Strategic Tax Opportunities for Raising Kids (STORK) Act proposes amendments to the Ohio Revised Code, specifically targeting tax incentives to support families with conceived children and related child care expenses. The bill introduces new tax deductions and credits aimed at alleviating the financial burden on parents, thereby promoting family growth and stability. It also includes specific amendments to existing tax regulations, such as new exemptions for child care products, including infant clothing and diapers, which must meet safety standards set by the U.S. Consumer Product Safety Commission. Additionally, the bill clarifies the definition of "infant" as individuals aged 12 months or younger, ensuring that the exemptions are relevant to this age group.

Furthermore, the bill modifies existing tax provisions by expanding the definition of "dependents" to include children conceived through assisted reproduction, allowing taxpayers to claim these children for tax purposes. It also introduces new legal language stating that if a taxpayer and their spouse file separate returns, the exemption for a conceived child may only be claimed by the expecting mother. The bill repeals certain sections of the Revised Code and establishes that the amendments will apply to taxable years ending on or after January 1, 2026. Overall, the STORK Act aims to enhance financial support for families in Ohio, addressing the challenges of child-rearing and child care costs.

Statutes affected:
As Introduced: 5739.02, 5747.01, 5747.025