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COLUMBUS, Ohio (Statehouse News Bureau) — Ohio is one of only six states in the country that doesn’t have an income tax on corporate profits. A liberal leaning think tank that studies public policy says that needs to change. Zach Schiller, Policy Matters Ohio research director, says while the pandemic has hurt many small businesses, big… Read More
COLUMBUS, Ohio (Statehouse News Bureau) — After three months of declines, Ohio took in 8 percent more in taxes than the Office of Budget and Management estimated, though much of that is connected to the delay of the tax deadline to July 15. But there was a different kind of growth in the state’s July report that could… Read More
“All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” Treasury Secretary Steven Mnuchin said Friday.
Among the possible questions voters might face on the ballot this fall is whether they want to make it harder to raise the state income tax, by requiring approval from a supermajority of state lawmakers. Seven states have passed this idea, which is embraced by half the Republicans in the state Senate – a constitutional… Read More
CHARLESTON, W.Va. (AP) – West Virginia Republicans are moving forward on a sweeping tax overhaul that could slash county government budgets, though it appears likely Democrats may derail the plan. The Senate voted 17-16 Monday to to pass a GOP proposal to cut taxes on manufacturers and personal vehicles while raising sales taxes and taxes… Read More
In his first year as governor, Mike DeWine seemed to get along well with state lawmakers – including those who’d had a fractured relationship with his predecessor, John Kasich. But there were some disagreements. (NOTE: The full interview with Gov. Mike DeWine will air on “The State of Ohio” this weekend. Watch it at the link posted here.)… Read More
Lawyers for President Trump say they plan to appeal to the Supreme Court, potentially setting up an election-year decision about disclosing the president’s finances.
COLUMBUS, Ohio (AP) – A proposal repealing Ohio’s sales tax on tampons and other feminine hygiene products has cleared the Ohio House. Republican State Rep. Niraj Antani, of Miamisburg, calls Thursday’s unanimous vote “a victory for all women in Ohio.” Antani and Democratic state Rep. Brigid Kelly, of Cincinnati, co-sponsored legislation repealing the so-called “pink… Read More
Statehouse Republicans have championed recent tax changes, including the elimination of income taxes for those making less than $21,750 a year. But a new report by a liberal leaning think tank shows tax changes recently made by Ohio lawmakers will make the rich richer and will require lower middle class or poor Ohioans to possibly… Read More
ROANOKE, Va. (AP) – Records show West Virginia Gov. Jim Justice’s companies owe almost $2 million in delinquent taxes in Virginia. WDBJ-TV reports Wednesday that companies owned by the Republican governor owe $1.9 million in taxes to several counties in Virginia. Justice lists more than 100 businesses in his most recent financial statement, including coal,… Read More
COLUMBUS, Ohio (AP) – Corrective eyeglasses and contact lenses purchased in Ohio are no longer subject to state sales taxes. The Dayton Daily News reports the change went into effect Monday. Hearing aids, prescription drugs and other medical devices already were exempt. The Ohio Optometric Association supports the change, saying a sales tax can be… Read More
Ohio Senate Republicans made sweeping changes to the House version of the state budget, including larger tax cuts and restored tax breaks. The Senate budget revives the small business income tax deduction on the first $250,000 earned. The House lowered that to the first $100,000. It also brings back the film tax credit and diverts $125 million from school wraparound services to school choice vouchers. When rolling out his budget… Read More
Gov. Mike DeWine says he wants lawmakers to erase a change made to a small business tax deduction. It allows many sole proprietorships, partnerships and other small operations to take the first quarter million dollars of their income tax free. DeWine spoke about it before the National Federation of Independent Business Ohio. The budget approved… Read More
The IRS says it is reviewing concerns about its Free File program after ProPublica reporting found that tax-prep companies made it difficult to find the program.
Business groups are blasting the House version of the budget for a change it makes to a controversial tax deduction – the one that allows many small businesses to take the first quarter million dollars of their income tax free. The change would drop that income threshold to $100,000. Tony Long at the Ohio Chamber… Read More
CHARLESTON, W.Va. (AP) – A bill to eliminate West Virginia personal income taxes on Social Security retirement benefits has been passed by the state Senate. The Republican-led Senate voted 33-0 Thursday to approve the bill. The bill now returns to the House, which must concur on Senate changes to phase in the elimination over three… Read More
CHARLESTON, W.Va. (AP) – West Virginia revenue collections have failed to surpass tax estimates for the first time in 10 months. Gov. Jim Justice said Tuesday collections in January were $3 million below estimates, blamed on weaker-than-anticipated monthly personal income tax collections. Overall collections through the first seven months of the fiscal year are $40.9… Read More
The tax collecting agency is one of those affected by the partial government shutdown, but the White House says it will issue refunds, reversing previous government policy.
WASHINGTON (AP) – The Supreme Court seems inclined to rule against the state of West Virginia and side with a retired U.S. marshal seeking a tax refund from the state. James Dawson says West Virginia unlawfully discriminated against him by excluding him from preferential tax treatment given to most retired state law enforcement officers. Both… Read More
A new study shows tens of thousands of upper income Ohioans are taking advantage of tax breaks meant for poorer residents. Wendy Patton with the progressive group Policy Matters says Ohioans who have LLC’s or pass through accounts for small businesses can earn up to $250,000 tax free. And that’s allowing them to qualify for… Read More
The Justice family companies’ difficulties paying taxes over the years are well documented. But tax collectors haven’t been the only ones trying to recover debts from companies once operated by West Virginia Gov. Jim Justice and now in control of his family. A review of court documents by the Ohio Valley ReSource found at least five cases in… Read More
Ohio officials say nearly 1 million taxpayers have taken a new quiz used by the state to catch phony income-tax returns and most have passed it. The quiz initially puzzled some residents. The state’s Department of Taxation tweaked some questions as it sought to cut down on those that people couldn’t respond to because they… Read More
Gov. John Kasich says cutting taxes is crucial to helping to lure and retain businesses and keep people from leaving Ohio. The Republican governor discussed his proposed tax changes during his annual State of the State speech held this year in Wilmington. Kasich’s $72.3 billion two-year budget seeks to cut the state income-tax rate by… Read More