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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:

  • Mar 28, 2025

    Week in review

    A summary of Ohio's legislative news for the week ending March 28, 2025.
  • Mar 21, 2025

    Conformity legislation on bonus depreciation receives hearing

    Reps. Bob Peterson (R-Sabina) and Thad Claggett (R-Newark) on March 19 gave sponsor testimony to the Ohio House Ways & Means Committee on House Bill 69, which regards the deduction of bonus depreciation and expensing allowances on taxes.
  • Mar 21, 2025

    Centralized filing option available for the municipal net profits tax

    Ohio businesses with a taxable year beginning Jan. 1 that want to file their 2025 municipal net profits tax with the Ohio Department of Taxation, must register on or before April 15 on the Ohio Business Gateway.
  • Mar 21, 2025

    Former Cincinnati state legislator appointed to Board of Tax Appeals

    Gov. Mike DeWine recently appointed former Cincinnati area longtime state legislator William (Bill) J. Seitz III (R-Green Twp.) to the Board of Tax Appeals for a term beginning March 7, 2025, and ending Feb. 8, 2031.
  • Mar 21, 2025

    Ohio transportation budget heads to Governor

    This past week, the Ohio House concurred on the amendments added to the transportation budget (House Bill 54) by the Ohio Senate. This legislation now awaits Gov. Mike DeWine’s signature to be passed into law.