Small Business Tax | WOSU Radio

Small Business Tax

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.