The Ohio Senate on Wednesday passed legislation to revamp the state’s convoluted municipal income tax system. House Bill 5, which passed the Senate 23-8, now faces a final vote in the Ohio House, which approved a slightly different version of the legislation last year. The result of years of debate between business groups and local […]
Ohio tax revenues nearly quarter billion over projections
November 25, 2014 by
One-third of the way through the state government’s budget year, Ohio’s tax receipts are running nearly a quarter of a billion dollars ahead of projections. The bounty sets up a scenario in which the biggest challenge in setting a budget proposal for the next two years could be resisting the natural temptation to spend more, […]
Free Seminar Offered for Marketplace Insurance and 2014 Tax Returns
November 3, 2014 by
Doris Sneed Rapp of Sneed Business Services will be presenting a free seminar entitled “Marketplace Health Insurance and Your 2014 Federal Income Taxes” at the Marion YMCA from 1 to 2 pm in the carpeted conference on Wednesday, November 5, 2014. She will explain the new tax forms that will be necessary to file and […]
Poll: Ohioans Oppose Internet Sales Tax
July 18, 2014 by
Ohio voters oppose out-of-state sales tax collections as dictated by the Marketplace Fairness Act, according to a new poll from two organizations that oppose the legislation. Likely Ohio voters opposed the idea of the Marketplace Fairness Act 56 to 32 percent. Opposition was consistent across the board, from Republicans to Democrats and across age groups. […]
State Ends Fiscal Year with Nearly $800 Million Surplus
July 3, 2014 by
State government finished the 2014 fiscal year with a nearly $800 million surplus, according to figures from the Office of Budget and Management. Ohio’s fiscal year closed at the end of June. It marks the fourth consecutive year the state has ended with a surplus. That there is a surplus is not a surprise. State […]
Governor Signs Tax, Spending Changes for Ohio Budget
June 17, 2014 by
Ohio Governor John Kasich gave final approval Monday to sweeping budget review legislation that includes expanded tax cuts and credits and major new restrictions on new wind turbines in the state. Kasich, speaking at a signing ceremony held at a food bank in suburban Columbus, praised the tax cuts, as well as funding for issues […]
Lawmakers Approve State Income, Business Tax Reductions, Increase for Earned Income Tax Credit
June 5, 2014 by
State lawmakers approved changes Wednesday to Ohio’s income tax rates that move a reduction planned for next year to this year. Legislators also bolstered a tax deduction available to small businesses with income that is reported on individual tax returns. And they doubled the size of the Earned Income Tax Credit available to Ohioans with […]
Ohioans Targeted by Tax Scams
June 4, 2014 by
Ohio Attorney General Mike DeWine has warned that Ohioans are being targeted by tax scams, even though tax season has ended. Since April 15 (the 2014 tax-filing deadline), the Ohio Attorney General’s Office has received more than 50 reports of tax-related scams from consumers across the state. Most consumers do not report losing money, but […]
Homestead Tax Exemption Deadline Nears
May 28, 2014 by
The deadline to apply for the Homestead Exemption for both new applicants and late applicants is Monday, June 2, 2014. According to Marion County Auditor, Joan Kasotis, an income restriction imposed by state lawmakers last year will limit who is eligible for the Homestead Exemption credit in the future. New rules governing the program will […]
Ohio Senate Approves More Income, Small Business Tax Cuts
May 22, 2014 by
The Ohio Senate on Wednesday approved one-year expansions of state income and small-business tax cuts, as well as raising tax credits and exemptions for poorer Ohioans. The Republican-sponsored measures in House Bill 483, which passed the Senate, 24-8, come as a result of higher revenues and lower state spending than expected. Under the revised budget […]
