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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:

  • Sep 29, 2023

    Week in Review: Oct. 1, 2023

    The DeWine administration and Ohio Department of Development (DOD) announced Monday that the $600 million onshoring grant to support Intel's manufacturing campus had been disbursed, saying it shows the state is delivering on its commitments.
  • Sep 22, 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.
  • Sep 22, 2023

    Week in Review: Sept. 24, 2023

    Joby Aviation Inc. announced plans Monday to build an electric air taxi manufacturing facility at Dayton International Airport, creating 2,000 new jobs in the region.
  • Sep 15, 2023

    DOL proposes new overtime rule salary threshold

    A new salary overtime rule could impact millions of workers under a new proposal from the U.S. Department of Labor.
  • Sep 15, 2023

    Upcoming regulations on Sec. 174 R&D expensing

    The IRS and Treasury last week issued a notice describing upcoming proposed regs that will clarify the new requirement from the Tax Cuts and Jobs Act to amortize research costs.