Analysis: Tax Changes Under Ohio’s New Budget

Earlier this month, Gov. Mike DeWine signed Ohio’s FY 2024-25 biennial budget, which includes several significant tax provisions impacting individuals and businesses. OMA Connections Partner Thompson Hine has published this summary of the changes made to the Commercial Activity Tax (CAT) and the personal income tax, noting that “some of the reforms may stir debate on future funding of government services.” 7/18/2023