In a surprise reversal, the Ohio House this week amended and approved an unrelated tax bill (Senate Bill 26) to undo an inequity in Ohio’s tax code by restoring the business income tax deduction for lawyers and lobbyists. The amended bill passed on a 91-0 vote.
Last spring, the House-passed budget bill included a provision that would have raised business taxes by reducing the deduction for all pass-through entities from $250,000 to $100,000. The OMA lobbied successfully to maintain the current deduction for manufacturers. However, the final budget completely excluded lawyers and lobbyists from the deduction. The Ohio Senate must approve SB 26 before it can take effect. 10/10/2019