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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:

  • Oct 22, 2023

    Week in Review: Oct. 22, 2023

    The DeWine administration announced Monday that a new skills-based search function will help people applying for jobs in state government find positions based on specific experiences, skills and training rather than just academic degrees.
  • Oct 20, 2023

    OSCPA Town Hall discusses reframing accounting profession’s story

    OSCPA is doing its part to amplify and promote the true story of the accounting profession.
  • Oct 13, 2023

    Tax revenues on target for September

    Better than expected collections in non-auto sales tax offset small dips in other sources to yield tax collections slightly above expectations in September, according to preliminary data from the Office of Budget and Management.
  • Oct 13, 2023

    How to claim Ohio’s resident tax credit for the SALT cap deduction from other states

    Last year, Senate Bill 246 (134th GA) authorized pass-through entity owners to “elect” to file a new form IT 4738 and be subject to a new entity-level tax in response to the federal $10,000 SALT deduction cap limit placed on individuals.
  • Oct 13, 2023

    Week in review: Oct. 15, 2023

    The DeWine administration announced Friday that 51 communities will receive more than $10.6 million to support community development projects around Ohio through a federal block grant program.