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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 06, 2019

    Podcast: Ruling saved more than just centralized filing

    Last week’s appeals court decision in favor of the Ohio Department of Taxation over cities was good news for the state’s economy for several reasons, said Barbara Benton, CAE, OSCPA’s VP of government relations.
  • Feb 01, 2019

    OSCPA asks Congress for taxpayer relief in wake of reform

    The Ohio Society of CPAs this week sent a letter to Ohio’s Congressional Delegation urging them to provide relief to taxpayers in the wake of tax reform and the recent federal government shutdown.
  • Jan 29, 2019

    Appeals court upholds centralized collection, other muni tax reforms

    In a win for Ohio’s CPA profession – and Ohio taxpayers – the state’s 10th District Court of Appeals on Jan. 29 upheld a lower court decision supporting the constitutionality of centralized collection of municipal net profits taxes and other municipal tax reforms adopted in recent years by the Ohio General Assembly.
  • Jan 27, 2019

    BWC recommends 20% rate reduction

    The Ohio Bureau of Workers' Compensation on Thursday recommended a 20% reduction in the average premium rate charged to private employers.
  • Jan 23, 2019

    Reminder: Next muni tax deadline is Feb. 1

    Ohio businesses with a taxable year that begins on Dec. 1 that want to file their 2019 municipal net profit tax return with the Ohio Department of Taxation must register by midnight, Feb. 1.