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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:

  • Jul 26, 2018

    ODT to abate gateway-related penalties and interest

    Ohio Tax Commissioner Joe Testa on Wednesday said the Ohio Department of Taxation will not assess a penalty or charge additional interest to those it can verify have been impacted by recent issues with the Ohio Business Gateway.
  • Jul 26, 2018

    Ohio Business Gateway Q&As

    Here are the most commonly asked questions so far from users of the modernized Ohio Business Gateway, as provided by the Gateway Modernization Project Organizational Change Management Team.
  • Jul 26, 2018

    Reminder: Next muni tax deadline is Aug. 1

    Ohio businesses that have a taxable year that begins on June 1 and want to file their 2019 municipal net profit tax return with the Ohio Department of Taxation must register by midnight, Aug. 1.
  • Jul 19, 2018

    Sales tax ‘holiday’ returns Aug. 3-5

    Learn what items will be exempt from sales and use tax.
  • Jul 19, 2018

    Reminder: CAT return due Aug. 10

    The Ohio Department of Taxation this week issued a reminder to all commercial activity tax (CAT) practitioners and taxpayers that the second quarter 2018 CAT return is due Aug. 10.