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.

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