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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 03, 2019

    Society board chair testifies for earnings and deduction statements

    OSCPA Executive Board Chair John Venturella, CPA, J.D., told the Ohio House Commerce and Labor Committee on May 1 that a bill requiring employers to provide earnings and deductions statements to all employees is an overdue measure.
  • May 02, 2019

    Big changes to BID, other tax provisions on the table

    The Ohio House Finance Committee on May 2 accepted several tax changes to the amended version of Ohio’s biennial budget, chief among them to significantly cut the benefits from Ohio’s Business Income Deduction.
  • May 02, 2019

    ABO notes: Board deals with nuts and bolts of the CPA profession

    Anyone with a CPA certificate should know that decisions made by the Accountancy Board of Ohio can have a significant impact on your ability to make a living. This is a big reason why OSCPA representatives attend all ABO meetings.
  • Apr 05, 2019

    OSCPA prevails in latest municipal tax reform battle

    Ohio’s 10th District Court of Appeals this week unanimously denied a motion for reconsideration collectively filed by over 160 cities seeking to overturn laws that enabled sweeping, pro-taxpayer municipal income tax changes.
  • Feb 28, 2019

    Ohio mulls gas tax hike

    The state's gas tax has remained at 28 cents per gallon since 2005, but legislators are discussing an 18-cent increase to address the condition of Ohio's roads and bridges.