The Legislature on July 18, 2019, ended weeks of political haggling to approve Ohio’s biennial budget bill (Am. Sub. HB 166) more than two weeks after the original deadline.
The Business Income Deduction (BID) was kept at $250,000, and it maintains the 3% flat rate cap on income above it. OSCPA also convinced legislators to avoid tying the BID to the federal 199A law, a harmful provision that was frequently mentioned as an option.
Preservation of the Business Income Deduction is at the top of OSCPA’s list of legislative priorities for the year. Learn what else we’re doing on your behalf, including diversity and inclusion efforts, state conformity to federal partnership audit rules, and regulatory reform in this comprehensive list (PDF).
If you have questions about the provisions in the Ohio Budget, contact OSCPA's Government Relations team.