Ohio Gov. Mike DeWine and Lt. Gov. Jim Tressel announced the results of the January TechCred application period in which 566 employers were awarded funds, providing the opportunity for Ohioans to earn 7,681 tech-focused credentials.

Legislators presented sponsor testimony to the House Ways & Means Committee March 26 on HB 30, phasing down over two years the state income tax to a flat rate of 2.75% on nonbusiness income. Business income would remain at its current flat rate of 3%.

ODT's final session of the Personal Income Tax Webinar Series, designed to provide essential filing season tips and reminders to help navigate this tax season with confidence, will be held April 2. ODT also announced extended phone hours.

On March 21, FinCEN issued an Interim Final Rule significantly narrowing the existing beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act.

A summary of Ohio's legislative news for the week ending March 28, 2025.

Reps. Bob Peterson (R-Sabina) and Thad Claggett (R-Newark) on March 19 gave sponsor testimony to the Ohio House Ways & Means Committee on House Bill 69, which regards the deduction of bonus depreciation and expensing allowances on taxes.

Ohio businesses with a taxable year beginning Jan. 1 that want to file their 2025 municipal net profits tax with the Ohio Department of Taxation, must register on or before April 15 on the Ohio Business Gateway.

Gov. Mike DeWine recently appointed former Cincinnati area longtime state legislator William (Bill) J. Seitz III (R-Green Twp.) to the Board of Tax Appeals for a term beginning March 7, 2025, and ending Feb. 8, 2031.

This past week, the Ohio House concurred on the amendments added to the transportation budget (House Bill 54) by the Ohio Senate. This legislation now awaits Gov. Mike DeWine’s signature to be passed into law.

A summary of Ohio's legislative news for the week ending March 21, 2025.