--- title: Governor DeWine Signs Budget Bill description: Jeff Kujawa shares how the newly signed budget bill may impact you or your business... image: https://blog.brixeyandmeyer.com/hubfs/Tax%20Email%20Header-2.png --- [![Brixey Meyer](https://blog.brixeyandmeyer.com/hs-fs/hubfs/raw_assets/public/Brixey_and_Meyer_January2023/images/Brixey-white.png?width=3092&height=1080&name=Brixey-white.png "Brixey Meyer")](https://www.brixeyandmeyer.com/) - [Home](https://www.brixeyandmeyer.com/) - [Our Services](https://brixeyandmeyer.com/#headline-143-59) - [Audit & Assurance](https://www.brixeyandmeyer.com/audit-and-assurance) - [CFO Services](https://www.brixeyandmeyer.com/cfo-services) - [Cyber Risk Management](https://www.brixeyandmeyer.com/cyber-sure) - [Environmental, Social & Governance](https://www.brixeyandmeyer.com/environmental-social-governance-services-esg) - [Human Resources](https://www.brixeyandmeyer.com/human-resources) - [Operations, Technology & Strategy](https://www.brixeyandmeyer.com/operations-technology-strategy) - [Retirement Plan Administration](https://www.brixeyandmeyer.com/retirement-plan-administration) - [State & Local Tax](https://www.brixeyandmeyer.com/state-local-tax) - [Tax Compliance & Consulting](https://www.brixeyandmeyer.com/tax-compliance-and-consulting) - [Transaction Advisory](https://www.brixeyandmeyer.com/transaction-advisory-services) - [Valuation](https://www.brixeyandmeyer.com/valuation-services) - [Insights](https://blog.brixeyandmeyer.com/) - [About](https://brixeyandmeyer.com/?page_id=206) - [About B&M](https://www.brixeyandmeyer.com/about-bm) - [Our Team](https://www.brixeyandmeyer.com/our-team) - [Join Our Team](https://www.brixeyandmeyer.com/join-our-team) - [Contact](https://www.brixeyandmeyer.com/contact) - [Get Started](https://www.brixeyandmeyer.com/get-started) - [Client Portal](https://www.clientaxcess.com/#/login) - [Make a Payment](https://secure.cpacharge.com/pages/brixeyandmeyer/payments) - [Home](https://www.brixeyandmeyer.com/) - [Our Services](https://brixeyandmeyer.com/#headline-143-59) - [Audit & Assurance](https://www.brixeyandmeyer.com/audit-and-assurance) - [CFO Services](https://www.brixeyandmeyer.com/cfo-services) - [Cyber Risk Management](https://www.brixeyandmeyer.com/cyber-sure) - [Environmental, Social & Governance](https://www.brixeyandmeyer.com/environmental-social-governance-services-esg) - [Human Resources](https://www.brixeyandmeyer.com/human-resources) - [Operations, Technology & Strategy](https://www.brixeyandmeyer.com/operations-technology-strategy) - [Retirement Plan Administration](https://www.brixeyandmeyer.com/retirement-plan-administration) - [State & Local Tax](https://www.brixeyandmeyer.com/state-local-tax) - [Tax Compliance & Consulting](https://www.brixeyandmeyer.com/tax-compliance-and-consulting) - [Transaction Advisory](https://www.brixeyandmeyer.com/transaction-advisory-services) - [Valuation](https://www.brixeyandmeyer.com/valuation-services) - [Insights](https://blog.brixeyandmeyer.com/) - [About](https://brixeyandmeyer.com/?page_id=206) - [About B&M](https://www.brixeyandmeyer.com/about-bm) - [Our Team](https://www.brixeyandmeyer.com/our-team) - [Join Our Team](https://www.brixeyandmeyer.com/join-our-team) - [Contact](https://www.brixeyandmeyer.com/contact) - [Get Started](https://www.brixeyandmeyer.com/get-started) ![](https://blog.brixeyandmeyer.com/hubfs/Tax%20Email%20Header-2.png) # Governor DeWine Signs Budget Bill Published by [Jeff Kujawa](https://blog.brixeyandmeyer.com/author/jeff-kujawa) on Jul 19, 2019 10:12:19 AM ![Tax Email Header-2](https://blog.brixeyandmeyer.com/hs-fs/hubfs/Tax%20Email%20Header-2.png?width=747&name=Tax%20Email%20Header-2.png) After months of negotiations, Governor Mike DeWine signed Ohio's FY 2020-2021 general operating budget, and the following are a few key points that may impact you or your business: - Personal income tax rates decrease by 4% reducing the top individual tax rate to roughly 4.8%. - Taxpayers with taxable income below $21,750 will no longer pay Ohio tax. - The budget maintains the Business Income Deduction at $250,000 and maintains the 3% flat rate on business income in excess of $250,000. Lawyers and lobbyists are no longer eligible for the deduction.  Sorry to our attorney friends.  We didn’t lobby for this provision! - The budget invests $15 million each year of the biennium in the TechCred program which is applicable to businesses who provide training to incumbent and prospective employees to earn a micro credential or certificate. More to come on this training reimbursement program.   *Check out other blogs published by our tax team:* - *[Proposed Ohio Business Income Deduction Changes Will Increase Taxes For Business Owners](https://blog.brixeyandmeyer.com/proposed-ohio-business-income-deduction-changes-will-increase-taxes-for-business-owners)* - ## *[Small Businesses Can Benefit From Deducting Vehicle Costs on Their Taxes](https://blog.brixeyandmeyer.com/small-businesses-can-benefit-from-deducting-vehicle-costs-on-their-taxes)* - ## *[Several States Enact Economic Nexus Thresholds For Sales Use Tax, In Response to Wayfair Decision](https://blog.brixeyandmeyer.com/enact-economic-nexus-thresholds-for-sales-use-tax)*   If you would like to speak to one of our [tax specialists](https://www.brixeyandmeyer.com/services/tax-compliance-consulting/) for more information, please call: 1 (866) 760-0940, visit our [website](https://www.brixeyandmeyer.com/lets-talk/), or send a note to [Miranda.Hawk@brixeyandmeyer.com](mailto:Miranda.Hawk@brixeyandmeyer.com) to setup a time to speak.   Tags: [brixey and meyer](https://blog.brixeyandmeyer.com/topic/brixey-and-meyer), [ohio](https://blog.brixeyandmeyer.com/topic/ohio), [Tax](https://blog.brixeyandmeyer.com/topic/tax), [Tax Team](https://blog.brixeyandmeyer.com/topic/tax-team), [Business Owners](https://blog.brixeyandmeyer.com/topic/business-owners), [Deductions](https://blog.brixeyandmeyer.com/topic/deductions) [Back to Blog](https://blog.brixeyandmeyer.com) - [Tweet](https://twitter.com/share) ## Related Articles ## [Lookout for New Social Security Number Scams](https://blog.brixeyandmeyer.com/lookout-for-new-social-security-number-scams) There are new variations of Tax Related Scams going around and we want you to be aware! 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