It is perfectly acceptable here in Ohio! Tell me why it wouldn't be.
It used to be, but NEC has changed, and only in some rural locations for farm buildings is a 3 wire 220v setup allowed.
Today, most of you will need to install 4 wires: 2 hot, 1 nuetral, and one ground wire to extra buildings as subpanels.
The neutral & ground wire will only be bonded one time at the main service panel. NO WHERE else should these 2 wires be connected together, or it sets up un-safe loops that defeat the whole point of the ground wire and actually make everything much more dangerous. In your lifetime, you hope the ground wire is never ever used; but if needed, it can save your property or life.
But only if it is wired properly.
Many people confused the neutral & ground wires, but they have very different purposes. The ground wire is the round, 3rd plug on a socket, and is a safety device only. The nuetral wire is one of the spade opennings, and is part of the energized circut. They are different, and should remain different.
Both of them do need to be grounded to ground - but only in one place, at the main box.
--->Paul