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.

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.

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.

A summary of Ohio’s legislative news for the week ending June 6, 2025.

Please urge Congress to retain the entity level deductibility of SALT for all pass-through entities, as originally intended by the Tax Cuts and Jobs Act of 2017, approved by the IRS in Notice 2020-75 and currently in effect in Ohio with the IT 4738.

An executive order signed in March means the IRS will discontinue issuing paper checks for tax refunds as of Sept. 30.

The National Federation of Independent Business unveiled two new digital tools to help small business owners, policymakers and the public in Ohio understand the economic impact of the 20% Small Business Tax Deduction.

OSCPA’s delegation to AICPA Council joined President and CEO, Laura Hay, CPA, CAE, and Vice President of Government Relations Greg Saul, Esq., CAE, to advocate for the profession in Washington D.C. during meetings with Ohio’s Congressional delegation.

The U.S. House Ways & Means Committee approved Republicans’ sweeping tax package on May 14, after a marathon hearing in which they voted down several attempts by Democrats to rewrite the plan.

A summary of Ohio's legislative news for the week ending May 16, 2025.