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:

  • Mar 08, 2018

    Centralized filing registrations gain momentum as March begins

    A flurry of registrations last week raised the number of businesses opting in to centralized filing of municipal net profits taxes to more than 2,000 – and still counting.
  • Mar 02, 2018

    Centralized filing registration continues

    The deadline has passed for businesses with a calendar year-end to opt in for centralized filing of municipal net profits taxes for the 2018 tax year. However, it continues for future years, as well as for businesses with other fiscal years.
  • Mar 01, 2018

    Reminder: Muni tax deadline is March 1

    Today is the deadline for businesses with a calendar year-end to opt in and notify the cities in which they operate if they plan to centrally file municipal net profits taxes for the 2018 tax year.
  • Feb 22, 2018

    Muni tax ruling a victory for Ohio business owners

    A court decision announced Thursday not only ensures that centralized filing of municipal net profits taxes will continue in the coming months, but also upheld all other municipal tax reforms supported by OSCPA and being challenged by Ohio cities.
  • Feb 08, 2018

    IRS MEF option added as centralized filing ramps up

    Businesses opting in to centrally file 2018 municipal net profit tax returns now may choose to use the IRS’ Modernized e-File portal.