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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:

  • Apr 03, 2025

    Expanding the pathways to licensure has direct impact on young CPAs

    Over the past four years, The Ohio Society of CPAs’ advocacy work, in collaboration with State Representative Bill Roemer, CPA (R-Richfield), has made it more efficient for many young accounting professionals to become CPAs.
  • Mar 28, 2025

    TechCred results announced for January

    Ohio Gov. Mike DeWine and Lt. Gov. Jim Tressel announced the results of the January TechCred application period in which 566 employers were awarded funds, providing the opportunity for Ohioans to earn 7,681 tech-focused credentials.
  • Mar 28, 2025

    Sponsors give testimony on flat tax legislation

    Legislators presented sponsor testimony to the House Ways & Means Committee March 26 on HB 30, phasing down over two years the state income tax to a flat rate of 2.75% on nonbusiness income. Business income would remain at its current flat rate of 3%.
  • Mar 28, 2025

    ODT webinar and extended phone hours

    ODT's final session of the Personal Income Tax Webinar Series, designed to provide essential filing season tips and reminders to help navigate this tax season with confidence, will be held April 2. ODT also announced extended phone hours.
  • Mar 28, 2025

    FinCEN limits BOI reporting requirements

    On March 21, FinCEN issued an Interim Final Rule significantly narrowing the existing beneficial ownership information (BOI) reporting requirements under the Corporate Transparency Act.