The Ohio Soybean Association (OSA) applauds the recent passage of the state budget that includes beneficial tax policy changes for farmers, as well as long-term, financial support for water quality and nutrient management programs. OSA’s farmer leaders have been working at the Statehouse throughout the process to ensure its members’ voices are heard.
“We thank the Ohio House, Ohio Senate and Gov. DeWine’s Administration for working with all stakeholders to address water quality,” said Trish Cunningham, OSA Policy Committee Chair. “Water quality has been a high priority for our organization for many years and we believe that H2Ohio is a step in the right direction. I’m also proud to see tax policies that will benefit family farmers who have been hit especially hard this year due to the weather and crop prices.”
The over $200 million H2Ohio fund will be used for agricultural, community and nature water projects to address water quality. In addition to H2Ohio, the budget also includes support for soil and water conservation districts in the Western Lake Erie Basin and funding for the Healthy Lake Erie program to promote 4R nutrient stewardship practices.
Additionally, OSA supported the following:
- Clarification and expansion of qualified immunity related to existing nuisance protection laws
- Increase from three to four years the amount of time that soil test results are valid for purposes of inclusion in a voluntary nutrient management plan approved by ODA
- Friendlier tax policies toward small businesses.
“This budget reflects our commitment to return tax dollars — a 4% income tax cut for all taxpayers and restoration of the business income deduction (BID) to $250,000-to the pockets of Ohioans,” said Tim Schaffer, State Senator. “We invested in important services, but did so in a fiscally responsible manner. This budget will positively impact all Ohioans to ensure that they are successful in all faucets of life.”
Schaffer also said, “The budget eliminates income taxes on the working poor.”
Income tax cuts in the budget total nearly $700 million, providing significant tax relief and support to working Ohioans and job creators with the purpose of keeping the state’s economy healthy and growing. An additional amendment exempts small wineries from burdensome licensure requirements. This amendment will help the small wineries trying to make a living, specifically, those constituents that have reached out in need of help from the State.
The budget also provides increased funding for Ohio’s food banks and other vital community service providers, like Boys and Girls Clubs, United Way family stability programs, Ohio Children’s Trust Fund, and the Lead Safe Cleveland Coalition. In addition, the new budget plan builds on the framework of Senate Bill 1, which requires a one in, two out requirement for regulatory reform. Overly burdensome and unnecessary rules are a barrier to new economic investments and job growth in Ohio. Any new rule that is implemented, must come with an extensive review of two old rules that may be outdated or no longer relevant. This helps streamline Ohio’s code and provides consistency and reliability to Ohio’s regulatory framework.