Ohio Senate budget freezes tuition, cuts small business tax

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

COLUMBUS, Ohio (AP) — Senate Republicans are eliminating all income taxes for a portion of small business income, freezing tuition at state universities and restoring Medicaid health coverage for certain pregnant women and women with breast and cervical cancer.

Those and other Senate changes to Ohio’s two-year, $71.5 billion budget were announced Monday.

The Senate spending blueprint retains an income-tax rate reduction of 6.3 percent, a cut worth $1.26 billion. It exempts the first $250,000 of small-business income from the tax.

Senators say their budget is $1.1 billion less than Republican Gov. John Kasich’s and $1.7 billion less than the House.

As expected, the Senate didn’t restore a proposed tax increase on oil-and-gas extraction backed by Kasich.

Senate changes are scheduled to be debated starting Tuesday. The legislation faces a June 30 deadline.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Buckeye State

More Ohio News
FOX 8 Cleveland Weather // Quick Links:

Hot on FOX 8

More Viral