The Ohio House version of the state budget is expected to including some major changes, especially for small businesses.
House Speaker Larry Householder (R-Glenford) said he wants to trim the income tax deduction that many one-person businesses and partnerships can take on the first $250,000 of their incomes. That’s amounted to more than a billion dollars a year. Householder wants to pull that back to the first $100,000 of income. And he also wants to look at what he calls special cutouts – breaks that both conservative and liberal groups have called out as potentially costly.