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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:

  • Jun 14, 2024

    Mandatory overtime pay rule is slated to take effect July 1; OSCPA working to delay implementation

    As previously reported by OSCPA, The Wage and House Division of the U.S. Department of Labor has adopted a rule that will increase the level of income below which employers must pay overtime.
  • Jun 14, 2024

    ODT to hold CAUV public hearing virtually on July 12

    The Ohio Department of Taxation is holding a public hearing to present and hear comments on the proposed current agricultural use values (CAUV) for tax year 2024 on July 12 at 10:30 a.m.
  • Jun 14, 2024

    Politicos on the Move: Jun. 16, 2024

    Sen. Michael Rulli was elected to Congress in a special election earlier this month, replacing former U.S. Rep. Bill Johnson who resigned to accept his new role as president of Youngstown State University.
  • Jun 14, 2024

    Week in Review: June 16, 2024

    Months after the House adopted a project wish list for the one-time capital funding pool established in the biennial budget, the Senate introduced SB288 (Dolan) on Monday that includes a plan for all $700 million set aside in HB33 (Edwards).
  • Jun 07, 2024

    Ohio Expands 2024 Sales Tax Holiday

    Governor Mike DeWine on May 31 announced the 2024 expanded Sales Tax Holiday will take place from 12:00 a.m. Tuesday, July 30 until 11:59 p.m. Thursday, August 8. In conjunction with the Ohio General Assembly, Governor DeWine expanded the length of Ohio’s Sales Tax holiday to 10 days and will allow tax-free purchases made in-person or online on all eligible items of up to $500.