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. Notable insertions include provisions for tax exemptions on child care products such as infant clothing, diapers, and other essential items, which must meet safety standards set by the United States Consumer Product Safety Commission. Additionally, the bill expands the definition of "dependents" to include children conceived through assisted reproduction, allowing taxpayers to claim these children for tax purposes.

The legislation also streamlines existing tax regulations by removing outdated language and consolidating definitions to enhance clarity and efficiency. It establishes personal exemptions for conceived children, which can only be claimed by the expecting mother if the taxpayer and their spouse file separately. The bill outlines specific conditions for various tax deductions, including those related to medical expenses, military personnel, and disaster response work, while ensuring that eligibility criteria are clearly defined. Overall, the STORK Act aims to provide comprehensive tax relief to families in Ohio, with the amendments set to take effect for taxable years ending on or after January 1, 2026.

Statutes affected:
As Introduced: 5739.02, 5747.01, 5747.025