A summary of this past week’s noteworthy events from your OSCPA government relations team.

Ohio’s General Revenue Fund (GRF) tax revenues missed the estimate by $171.3 million (-9.6%) during the month of March.

All Americans are affected by the tax code—but do they understand the tax code? To find out, the Tax Foundation’s educational program, TaxEDU, and Center for Federal Tax Policy conducted a poll with Public Policy Polling.

It was announced April 10, 2024, in the House Insurance Committee that committee member Rep. Jessica Miranda (D-Cincinnati) has been named Hamilton County auditor.

Auditor of State Keith Faber Friday placed the Mt. Healthy City School District in Hamilton County in a state of fiscal emergency as a result of a projected operating fund deficit of $10,758,000, representing 26% of the district's general revenue funds for the fiscal year that ends June 30, 2024.

Gov. Mike DeWine announced Friday that he has initiated several federal and state disaster aid mechanisms that could bring financial relief to Ohioans affected by severe weather last month. The action comes after a damage assessment conducted by the Federal Emergency Management Agency (FEMA) in the 11-county area affected by tornadoes that occurred in March.

The Ohio Department of Taxation (ODT) recently announced extended service hours for the remainder of the income tax filing season (in addition to normal business hours). The ODT’s income/school district income tax phone lines at 800-282-1780 will be open until 7:00pm (instead of 5:00pm) on April 10, April 11, April 12 and April 15.

The Ohio Society of CPAs and all state CPA societies joined an AICPA letter to FinCEN on April 3 raising concerns with the rollout of the Beneficial Ownership Information reporting requirements.

Four incumbent Republicans who voted for House Speaker Jason Stephens (R-Kitts Hill) over caucus pick Derek Merrin (R-Maumee) lost their seats in Republican primaries Tuesday, despite heavy spending by the Stephens-led Ohio House Republican Alliance (OHRA) to defend them.

Intel's projects in Ohio and three other states will receive up to $8.5 billion in combined funding through the CHIPS and Science Act, according to a Biden administration announcement Wednesday that received widespread praise from Ohio leaders.