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Ohio Budget


The House on April 21 passed its version of Ohio's biennial budget, wrapping in the school funding plan from House Bill 1 and including a 2% across-the-board income tax cut, which would put more than $300 million back in taxpayers’ pockets. The Ohio Senate has already begun its own hearings on the legislation.

The budget – House Bill 110 – also appropriates $155 million in COVID-19 relief for small businesses and adds more oversight of the executive branch, including the creation of a Joint Legislative Oversight and Review Committee of Federal COVID Relief Aid and the referral of more spending initiatives by state agencies to the Controlling Board for approval. Here is a complete breakdown from the Ohio Legislative Service Commission.

If you have questions about the provisions in the Ohio Budget, contact OSCPA's Government Relations team.

Latest budget news:

  • Jan 05, 2024

    The impact on tax practitioners in the event of an IRS shutdown

    A letter sent in late November to the IRS detailed how an IRS shutdown during the tax filing season would harm taxpayers and tax practitioners. The letter also outlines recommendations to the IRS that could mitigate the long-term effects of a shutdown.
  • Jan 05, 2024

    Politicos on the Move: Jan. 7, 2023

    State Rep. Adam Miller, D-Columbus, has filed to run for Ohio’s 15th Congressional District next year against State Rep. Mike Carey.
  • Dec 15, 2023

    Urgent member action needed for U.S. Senate to delay BOI reporting requirements

    Please urge your two U.S. Senators to extend the filing deadline that Congress recently passed in H.R. 5119, the Protect Small Business and Prevent Illicit Financial Activity Act.
  • Dec 15, 2023

    Major changes coming to the CAT

    The Commercial Activity Tax will undergo major changes on Jan. 1, 2024, and again on Jan. 1, 2025. Annual and quarterly CAT taxpayers who anticipate having less than $3 million in taxable gross receipts in tax year 2024, should act now and cancel their CAT account immediately with an effective date of Dec. 31, 2023.
  • Dec 15, 2023

    ODT outlines impending changes to certified mail procedures

    The Ohio Department of Taxation has issued a new information release that details changes to certified mail procedures that will become effective Jan. 1, 2024.