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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:

  • Sep 13, 2018

    OSCPA announces endorsements for Senate, Secretary of State

    The Ohio Society of CPAs has announced its endorsement of Senator Sherrod Brown and Congressman Jim Renacci, CPA, for U.S. Senate, and of Frank LaRose for Ohio Secretary of State.
  • 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.