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Jul 11, 2025
In his final biennial budget, Gov. Mike DeWine took the veto pen to the most items of his governorship, striking 67 items out of HB96 (Stewart), including several property tax provisions, before signing it just before midnight on June 30.
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Jul 11, 2025
As a result of advocacy efforts, the final version of the federal reconciliation bill signed into law by President Trump on July 4 retains the ability of all pass-through entities to continue deducting state and local taxes at the entity level.
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Jul 11, 2025
According to preliminary revenue data from the Office of Budget and Management released July 7, Ohio exceeded its revenue forecast for the just concluded FY25 by $1.04 billion or 3.7%. The Personal Income Tax accounts for the bulk of the overage.
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Jul 11, 2025
Ohio’s 2025 Sales Tax Holiday is almost here. Scheduled to run from Friday, Aug. 1 through Thursday, Aug. 14, the holiday sales tax exemption will apply to items priced at $500 or less, purchased in-person or online, with some exceptions.
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Jul 11, 2025
A summary of Ohio's legislative news for the week ending July 11, 2025
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Jul 10, 2025
A mix of state and federal issues captured Ohio CPAs’ attention in June, with Pass Through Entities’ ability to deduct SALT and the phase out of paper checks by the Treasury topping the list. Check out the complete list of top 10 stories from June.
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Jun 27, 2025
In the early morning hours of June 25, Republican negotiators agreed to a biennial spending plan that will institute a flat-rate income tax and included all OSCPA’s budget priorities. Substitute House Bill 96 was passed later that day by both the Ohio House and Senate.
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Jun 27, 2025
A provision tucked into the federal reconciliation bill, the One Big Beautiful Bill Act (H.R.1), will negatively impact all pass-through entities (PTEs) that can currently deduct state and local taxes (SALT) through Ohio’s IT 4738. Please contact your federal elected officials to ensure these OSCPA legislative victories do not become futile.
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Jun 27, 2025
A summary of Ohio’s legislative news for the week ending June 27, 2025.
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Jun 20, 2025
The Ohio Senate on June 11 passed the state operating budget, Substitute House Bill 96, with several OSCPA priorities included.
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Jun 20, 2025
Interested in representing the Ohio Society of CPAs in an impactful way? House Bill 54 requires the Ohio Department of Transportation to appoint seven individuals to an Advisory Council, and OSCPA has a seat at the table.
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Jun 20, 2025
The deadline is approaching for OSCPA members to give feedback on the U.S. Treasury's plan to eliminate paper checks and adopt a new requirement for electronic payment only.
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Jun 20, 2025
A summary of Ohio’s legislative news for the week ending June 20, 2025.
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Jun 13, 2025
A summary of Ohio’s legislative news for the week ending June 13, 2025.
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Jun 12, 2025
The Ohio Senate sent the state operating budget to the Ohio House on June 11 with a 23-10 vote after months of testimony. The chamber’s final version of Substitute House Bill 96 includes a flat tax on nonbusiness income phased in over two years.
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Jun 12, 2025
OSCPA joined AICPA and 52 other state societies and jurisdictions to urge the U.S. Senate Finance Committee to retain the ability for all pass-through entities to deduct state and local taxes at the entity level.
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Jun 12, 2025
Strong income tax collections drove state revenues $251 million past estimates last month. Preliminary numbers for May show overall, tax collections were up 9.8% over estimates according to the Office of Budget and Management (OBM). The state has collected $26.4 billion over the fiscal year, which is just over $800 million above estimates.
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Jun 06, 2025
The Ohio Senate adopted the latest version of the budget bill on June 3. The big news was the Senate moving Ohio to a flat tax on nonbusiness income phased in over two years.
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Jun 06, 2025
Gov. Mike DeWine announced that the state’s 2025 Sales Tax Holiday will run from Friday, Aug. 1 through Thursday, Aug. 14. This is the first time the tax holiday will run for two full weeks.
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Jun 06, 2025
President Trump has issued Executive Order 14247 “Modernizing Payments To and From America’s Bank Account,” which transitions federal disbursements to electronic payments. Written comments and information are requested on or before June 30, 2025.