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Ohio: House of Representatives votes to reinstate business income deduction for lawyers and lobbyists

Earlier in the year, lawyers and lobbyists were excluded from the list of small business owners eligible to claim the Ohio business income deduction, which allows business owners to deduct the first $250,000 of “business income” earned in the ordinary course of their business and pay a preferential 3 percent tax rate on business income above that threshold. But on October 10, 2019, the Ohio House of Representatives unanimously voted to restore the business income deduction for lawyers and lobbyists. READ MORE