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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:

  • Nov 22, 2023

    IRS announces delay in Form 1099-K reporting threshold for third-party platform payments for 2023

    Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the IRS released Notice 2023-74 announcing a delay of the new $600 Form 1099-K reporting threshold for third-party settlement organizations for calendar year 2023.
  • Nov 22, 2023

    Free webinar on developing a WISP on Nov. 30

    The IRS is offering a free webinar on developing a Written Information Security Plan (WISP) next week.
  • May 26, 2023

    Sen. Brown backs measure to raise 1099-K reporting threshold

    Senators Sherrod Brown, D-Ohio, and Bill Cassidy, R-Louisiana, are proposing to raise the reporting threshold on transactions from companies such as Airbnb, eBay, Etsy, PayPal and Venmo from $600 to $10,000 to save headaches for small businesses and individuals who work in the gig economy.
  • May 26, 2023

    Ohio House passes measure limiting notices & late filing penalties

    A number of OSCPA legislative priorities continue to move through the Ohio legislature, including House Bill 105—a measure that would limit notices and late filing penalties under R.C. 718.27.
  • Sep 16, 2022

    Week in Review: Sept. 18, 2022

    Proponents of Issue 2 say the measure aims to stop local municipalities from allowing noncitizens to vote in elections. But is the ballot measure full of hidden language that restricts the right to vote for 17-year-olds and ties the hands of future legislatures on expanding voting registration?