6/26/13

Ohio Statehouse Update: House-Senate Conference Committee Reports Compromise Version of State Budget Bill

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Last night on a 4-2 party line vote the Conference Committee on House Bill 59, led by the chairmen of the House and Senate Finance Committees, Rep. Ron Amstutz (R-Wooster) and Sen. Scott Oelslager (R-Canton), reported a compromise version of the state’s biennial budget bill that will now head to the House and Senate floor for a final vote to accept the changes.

Among the major items addressed through the Conference Committee, the committee approved a new tax reform package that is estimated to reduce taxes for small businesses and individual taxpayers in Ohio by more than $2 billion over the next three years. Major components of that plan include the following:

In addition to the tax reform package, the Conference Committee reported version of House Bill 59 also includes:

Major items initially proposed by Governor Kasich at the beginning of the budget process, but not included in the budget legislation as reported by the Conference Committee last night, include state Medicaid expansion, changes to the severance tax on oil and gas, and a proposed major expansion of the state’s sales tax base.

The House and Senate are expected to vote to approve the Conference Committee version of House Bill 59 on Thursday at full voting sessions, and send the bill to Governor Kasich for his signature and consideration of possible line item vetoes. The state biennial budget is required to be signed into law by July 1, 2013, the beginning of the state’s new fiscal year.

Click here to view the H.B. 59 Comparison Document (as reported by Conference Committee)

Click here to view the H.B. 59 Budget in Detail Document (as reported by Conference Committee)

Click here to view full language of the H.B. 59 Conference Committee Report