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Small Business Tax

Gov. Mike DeWine, center, speaks between Ohio Senate President Larry Obhof, left, and Ohio House Speaker Larry Householder during the Ohio State of the State address at the Ohio Statehouse in Columbus, Ohio, Tuesday, March 5, 2019.
Paul Vernon / Associated Press

Ohio would cut personal income taxes by 4%, raise the age for buying tobacco products to 21 and direct $550 million for educational wraparound services such as mental health counseling under the state budget that lawmakers belatedly sent to Gov. Mike DeWine on Wednesday, hours before their extended deadline.

 Ohio Gov. Mike DeWine
Paul Vernon / Associated Press

After 17 days of overtime budget negotiations, lawmakers in the Ohio House and Senate have reached a $69 billion two-year spending deal.

Ohio Legislature May Be Nearing Agreement On State Budget

Jul 16, 2019
Ohio Governor Mike DeWine, left, shakes hands with Ohio House speaker Larry Householder after delivering the Ohio State of the State address at the Ohio Statehouse in Columbus, Ohio, Tuesday, March 5, 2019.
Paul Vernon / Associated Press

Lawmakers who have been negotiating Ohio's next two-year state budget were set to reconvene Tuesday, a day before the extended deadline for the House and Senate to pass the $69 billion spending plan.

Senate Finance Chair Matt Dolan (R-Chagrin Falls) gestures during a discussion about the Ohio Senate version of the budget as President Larry Obhof (R-Medina) looks on.
Karen Kasler / Ohio Public Radio

Republican Senate leaders say the budget they released yesterday is not the final product, but it does represent some of the changes they wanted to make to the House’s spending plan.

Ohio Senate Republicans made sweeping changes to the House version of the state budget, including larger tax cuts and restored tax breaks.

Mike DeWine
Jay LaPrete / AP

Gov. Mike DeWine says he wants lawmakers to erase a change made to a small business tax deduction.

A deduction that allows many small businesses to take the first $250,000 of their income tax-free was cut back significantly in the Ohio House version of the budget. But senators may not vote to keep the change.

Dan Konik / Statehouse News Bureau

The two-year state budget passed the Ohio House and is now in the hands of the Senate. But the chair of the Finance Committee says he has some concerns about the amount of spending.

Downtown Mount Vernon
Columbus Neighborhoods / WOSU

Business groups are blasting the Ohio House version of the budget for a change it makes to a controversial tax deduction – the one that allows many small businesses to take the first $250,000 of their income tax-free.