The Ohio Society of CPAs on Feb. 5 testified as a proponent to the House Ways & Means Committee on House Bill 14, the annual federal/state tax conformity legislation. Later that afternoon, the Ohio House unanimously passed the legislation by a 93-0 vote.

Gov. Mike DeWine on Feb. 3 announced his FY 2026-2027 executive budget proposal, and higher taxes on tobacco, sports gambling and adult use cannabis would pay for several new programs.

According to preliminary data released Feb. 6 by the Office of Budget and Management (OBM), total General Revenue Fund (GRF) tax receipts came in $172.5 million, or 6.6%, above estimates in January.

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

The Ohio Department of Taxation (ODT) hosted its Ohio Virtual Tax Academy (OVTA) on Jan. 15 with a focus on the tax practitioner community. Several resources were provided during the presentations that members may find valuable as we head into the 2025 tax filing season.

The DeWine administration and defense technology company Anduril Industries announced Thursday the company had selected Pickaway County as the site for an advanced manufacturing facility that will bring over 4,000 new production and service jobs to the state by 2035.

Expect slim majorities and government funding to impact politics this year, said one expert from AICPA. 

The Internal Revenue Service and the Ohio Department of Taxation both recently announced that the 2025 tax season will start on Monday, Jan. 27, 2025, and will feature expanded and enhanced tools to help taxpayers as a result of their modernization efforts.

OSCPA CEO & President Laura Hay expressed optimism to the news that Ohio Governor Mike DeWine appointed Lieutenant Governor Jon Husted to the United States Senate.

This message is a friendly reminder to all commercial activity tax (CAT) practitioners and taxpayers that the fourth quarter 2024 CAT return is due February 10, 2025.