The OBM announced that the state’s Rainy Day Fund stands at a record of nearly $3.7 billion, “an increase of $174.7 million following the accrual of interest at the close of FY23 and the completion of a cash transfer into the fund” as authorized by the FY24-25 budget bill, HB33 (Edwards).

Experiential learning courses enable students to work part-time or full-time while gaining academic credits. We covered the finer details of what experiential learning could look like for the profession in May.

Property tax relief bill HB197 (Hall-Bird) now includes language to modify how Current Agricultural Use Value (CAUV) is calculated for farmland.

Senators Sherrod Brown, D-Ohio, and Bill Cassidy, R-Louisiana, are proposing to raise the reporting threshold on transactions from companies such as Airbnb, eBay, Etsy, PayPal and Venmo from $600 to $10,000 to save headaches for small businesses and individuals who work in the gig economy.

A number of OSCPA legislative priorities continue to move through the Ohio legislature, including House Bill 105—a measure that would limit notices and late filing penalties under R.C. 718.27.

Proponents of Issue 2 say the measure aims to stop local municipalities from allowing noncitizens to vote in elections. But is the ballot measure full of hidden language that restricts the right to vote for 17-year-olds and ties the hands of future legislatures on expanding voting registration?

Ohio voters turned out in record low numbers for the Aug. 2 primary where two Republican Ohio House challengers upset party-endorsed incumbents.

Thursday was a busy day for town halls, as both OSCPA and AICPA hosted informative sessions covering a range of topics of interest to CPAs and business professionals.

Attorney General Dave Yost joined all 50 state attorneys general Tuesday to announce the formation of a National Anti-Robocall Litigation Task Force led by Ohio, Indiana and North Carolina.

On Friday evening, the Ohio Department of Taxation released an initial round of guidance on the SALT deduction cap parity. Also, ODT recently presented at a conference where they provided further details on both the SALT and BID bills.