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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:

  • Aug 22, 2025

    Federal scholarship donation credit expands on Ohio policy

    A tax policy supporting private schools that Ohio instituted in 2021 will soon be reflected at the national level under federal HR1, aka the One Big Beautiful Bill. However, the state and federal policies have a few key differences.
  • Aug 22, 2025

    Study: Tax cuts from OBBB will vary widely by state and county

    A new Tax Foundation study estimates that the One Big Beautiful Bill Act will reduce federal taxes for individual taxpayers in every state, though the scale of savings will differ significantly across regions.
  • Aug 22, 2025

    Ohio’s Relocation Incentive boosts STEM and technical hiring

    Ohio’s economy continues to grow on the strength of its STEM and technical talent, but attracting a steady workforce remains a challenge for employers across the country. To address this need, JobsOhio has introduced the Relocation Incentive, designed to help companies of all sizes recruit skilled professionals from out of state.
  • Aug 22, 2025

    Week in review: August 24, 2025

    A summary of Ohio’s legislative news for the week ending Aug. 22, 2025
  • Aug 15, 2025

    IRS delays payroll form changes until 2026 under new tax law

    The IRS issued IR-2025-82 confirming that major payroll and reporting forms — including W-2s, 1099s and Form 941 — will remain unchanged for the 2025 tax year despite the recently passed One Big Beautiful Bill Act. Federal withholding tables will also stay the same.