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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 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.
  • Jul 12, 2018

    Ohio’s rainy day fund raised to $2.7 billion

    Gov. John Kasich made the second-largest-ever deposit to the rainy day fund on Wednesday, raising the balance to nearly $2.7 billion. This action aligns with a 2010 OSCPA recommendation to increase the fund against financial volatility.
  • Jul 05, 2018

    OSCPA files second amicus brief to support muni tax reforms

    The Ohio Society of CPAs and other business groups on Monday filed an amicus brief detailing further arguments for the need for the centralized collection and administration of the municipal net profits tax.
  • Jul 05, 2018

    Fix to Form IT/SD 2210 a win for CPAs

    Gov. Kasich on June 29 signed House Bill 133 into law, making official an OSCPA-requested fix of an unclear tax policy that was costing businesses money.
  • Jun 21, 2018

    Verification required by June 27 on new Ohio Business Gateway

    Using the same email address to create multiple accounts for different clients on the Gateway will no longer be allowed.