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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:

  • May 30, 2025

    Take Action: PTEs ability to deduct SALT in jeopardy

    Please urge Congress to retain the entity level deductibility of SALT for all pass-through entities, as originally intended by the Tax Cuts and Jobs Act of 2017, approved by the IRS in Notice 2020-75 and currently in effect in Ohio with the IT 4738.
  • May 30, 2025

    U.S. Treasury phasing out tax refunds via paper checks

    An executive order signed in March means the IRS will discontinue issuing paper checks for tax refunds as of Sept. 30.
  • May 30, 2025

    Week in review: June 1, 2025

    The National Federation of Independent Business unveiled two new digital tools to help small business owners, policymakers and the public in Ohio understand the economic impact of the 20% Small Business Tax Deduction.
  • May 16, 2025

    OSCPA advocates on federal issues in Washington, D.C.

    OSCPA’s delegation to AICPA Council joined President and CEO, Laura Hay, CPA, CAE, and Vice President of Government Relations Greg Saul, Esq., CAE, to advocate for the profession in Washington D.C. during meetings with Ohio’s Congressional delegation.
  • May 16, 2025

    Congressional committee advances tax bill after marathon hearing

    The U.S. House Ways & Means Committee approved Republicans’ sweeping tax package on May 14, after a marathon hearing in which they voted down several attempts by Democrats to rewrite the plan.