Ohio Budget

Ohio’s biennial budget was signed into law June 29, 2017 by Gov. John Kasich, and includes a number of important tax provisions that signal a victory for Ohio CPAs who have long advocated for reforms of Ohio’s complicated tax structure. Am. Sub. House Bill 49 is the culmination of decades of work by OSCPA’s grassroots network, Government Relations team and the Society’s Ohio Tax Reform Task Force.

The following reforms will positively impact Ohio businesses and improve our state’s tax and business climate:

  • Centralized collection of net profit taxes through the Ohio Business Gateway
  • Reduced Ohio’s income tax brackets from 9 to 7
  • No increase in the Commercial Activity Tax rate for Ohio businesses
  • Defeated the originally proposed sales tax rate increase and base expansion to other services
  • Eliminated the municipal throwback rule

If you have questions about the provisions in the Ohio Budget, contact OSCPA's Government Relations team.

Latest budget news:

  • Jun 15, 2017

    Senate budget proposal includes centralized collection option

    The newest version of House Bill 49 would give businesses the long-sought option to simplify their filing of net profits taxes through use of the Ohio Business Gateway.
  • May 25, 2017

    CPA: Centralized collection is a sensible step

    Discussions over Ohio’s biennial budget are headed in the right direction, but lawmakers need to move forward with a proposal to centralize the collection of municipal net profits taxes.
  • May 19, 2017

    Opt-in centralized collection gains favor

    Plans for an opt-in approach for centralized municipal net profit tax administration are gaining momentum in the Statehouse as the Ohio Senate deliberates over the state’s biennial budget.
  • May 04, 2017

    Budget bill Senate-bound after House OKs OSCPA-supported provisions

    Ohio’s biennial budget bill continued its journey toward Gov. Kasich’s desk this week after legislators in the House voted it to the Senate with changes supported by OSCPA.
  • Apr 27, 2017

    Revised budget includes ups, downs

    While a number of positive changes were included in the Ohio House’s first effort to revise Gov. Kasich’s biennial budget, lawmakers also took steps in the wrong direction this past week by adding troublesome provisions to House Bill 49.