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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:

  • 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.
  • Feb 22, 2019

    OSCPA seeks guidance on how to account for inventories

    OSCPA Tax Policy Director Greg Saul, Esq., CAE, said members of the Society's Federal Tax Committee have raised concerns that they need more guidance than was provided in Revenue Procedure 2018-40.
  • Feb 22, 2019

    Tax commissioner chooses management team

    All were chosen from existing Ohio Department of Taxation staff:
  • Feb 20, 2019

    Podcast: March 1 deadline almost here for centralized filing

    Less confusion, less hassle and less frustration. That’s the difference opting in to centralized collection could make for you and your business this year.
  • Feb 13, 2019

    Businesses stand to miss out as March 1 deadline looms

    Many Ohio businesses will miss out on the chance to save on some of their tax compliance burden – estimated by the Ohio Department of Taxation to collectively save Ohioans more than $800 million in administrative costs – if they ignore a deadline coming up March 1.