Ohio Budget

Ohio’s biennial budget was signed into law June 29, 2017 by Gov. John Kasich, and includes a number of important tax provisions that signal a victory for Ohio CPAs who have long advocated for reforms of Ohio’s complicated tax structure. Am. Sub. House Bill 49 is the culmination of decades of work by OSCPA’s grassroots network, Government Relations team and the Society’s Ohio Tax Reform Task Force.

The following reforms will positively impact Ohio businesses and improve our state’s tax and business climate:

  • Centralized collection of net profit taxes through the Ohio Business Gateway
  • Reduced Ohio’s income tax brackets from 9 to 7
  • No increase in the Commercial Activity Tax rate for Ohio businesses
  • Defeated the originally proposed sales tax rate increase and base expansion to other services
  • Eliminated the municipal throwback rule

If you have questions about the provisions in the Ohio Budget, contact OSCPA's Government Relations team.

Latest budget news:

  • Aug 25, 2017

    All business filings now available online

    Ohio Secretary of State Jon Husted announced last week that 100% of all filings needed to start or maintain a business in Ohio may now be submitted online.
  • Jul 20, 2017

    Not-your-typical-budget brings needed reform

    Ohio's 2017 budget was a memorable one for CPAs, who saw some long-sought reforms finally come to pass.
  • Jun 29, 2017

    Centralized collection enacted in budget bill

    Gov. John Kasich signed Ohio’s biennial budget bill Friday night, enacting legislation that CPAs have said includes a number of necessary steps to improve the state’s business environment.
  • Jun 22, 2017

    Budget bill heads to conference committee

    The Ohio General Assembly’s conference committee will start hearings this afternoon on House Bill 49, the biennial budget bill.
  • Jun 16, 2017

    Report takes in-depth look at Ohio tax complexity

    A complex tax system that is a burden for individuals is harming Ohio’s business climate. That was the conclusion of a report released recently by the Tax Foundation, which rates the Buckeye State’s tax environment 45th among the 50 states.