A summary of Ohio's legislative news for the week ending March 14, 2025.

OSCPA has hired Molly Vincent as the new Manager of Advocacy Initiatives. She joins Vice President of Government Relations Greg Saul, Esq., CAE as the Society’s registered lobbyists tasked with advocating for OSCPA’s legislative and regulatory efforts.

Commercial Activity Tax revenue that was expected in February but instead booked in January contributed to a $94 million miss in total monthly tax collections, according to the Office of Budget and Management.

The recent passage of Ohio HB 238, Virginia HB 2042/SB 1042 gives CPAs a new path to licensure and further expands interstate mobility.

A summary of Ohio's legislative news for the week ending March 7, 2025.

In a March 2 update, the Treasury Department announced that with respect to the Corporate Transparency Act, it will not enforce any penalties or fines associated with the BOI reporting rule under the existing regulatory deadlines.

FinCEN will extend the current March 21 BOI reporting deadline, has suspended BOI enforcement and fines and will develop new regulations it says will reduce "regulatory burden," the agency said on Feb. 27.

With the Ohio legislature expected to have over 30 property tax reform bills introduced, hearings have begun on some of the proposals in both the House and Senate Ways & Means Committees.

The DeWine administration announced Feb. 27 that Ohio's fourth innovation hub will be in Youngstown and has a focus on additive manufacturing technology -- also known as 3-D printing -- that supports the national defense industry.

Ohio’s biennial budget is in full swing, and the Feb. 20 OSCPA Town Hall provided an overview of the provisions under consideration and how Gov. DeWine’s last budget proposal of his term aligns with the OSCPA’s legislative agenda.