You are viewing the "taxes" Archives
Ohio cities face ‘snowballing effect’ with growing trend to work from home
By: Andy Chow | Statehouse News Bureau
Posted on:
COLUMBUS, Ohio (Statehouse News Bureau) — A group representing cities across Ohio is calling on state legislators to take a close look at the struggles municipalities face now that more people work from home. A report from the U.S. Bureau of Labor Statistics showed that, at the end of 2021, 11.1% of employees continued to… Read More
School leaders say a bill to change the property tax appeal process could hurt most Ohio taxpayers
By: Jo Ingles | Statehouse News Bureau
Posted on:
COLUMBUS, Ohio (Statehouse News Bureau) — State lawmakers have sent to Gov. Mike DeWine (R-Ohio) a bill that would limit the role of school districts and cities in the property tax challenge process. School districts contend if those changes are signed into law, the result will be tax shifting that will hurt the majority of… Read More
Back to the drawing board for a bill to reform the property tax challenge process in Ohio
By: Jo Ingles | Statehouse News Bureau
Posted on:
COLUMBUS, Ohio (Statehouse News Bureau) — It’s not often you get unanimous agreement from all of the members of the Ohio House. But that’s exactly what happened Wednesday when the House unanimously rejected changes the Senate made to a bill that reforms the process for challenging property tax values. Rep. Derek Merrin (R-Monclova Township), the… Read More
The expanded child tax credit briefly slashed child poverty. Here’s what else it did
By: Cory Turner | NPR
Posted on:
WASHINGTON, D.C. (NPR) — Blink and you could have missed it. For six months, the United States experimented with an idea that’s new here but is already a backstitch in the social fabric of many wealthy nations: a monthly cash payment to help families cover the costs of raising children. Less than a year in,… Read More
DeWine wants lawmakers to put the brakes on proposal to halt added gas tax
By: Associated Press
Posted on:
COLUMBUS, Ohio (AP) — Ohio Gov. Mike DeWine wants lawmakers to put the brakes on a proposal to halt the collection of the state’s newly increased taxes on gas and diesel fuel. The Republican governor and GOP lawmakers reached a deal in 2019 to boost Ohio’s tax on gas by 10.5 cents a gallon and… Read More
Ohio Senate passes a bill to change the process for challenging local property tax assessments
By: Jo Ingles | Statehouse News Bureau
Posted on:
COLUMBUS, Ohio (Statehouse News Bureau) — The Ohio Senate has passed a bill that would limit the way local governments contest property values when assessing taxes. Republican Sen. Lou Blessing III (R-Colerain Township) describes it as “a bill that brings balance to the property valuation complaint and challenge process.” He said the current system hurts businesses and… Read More
Does the IRS really want to spy on your bank account? The latest tax fight, explained
By: Scott Horsley | NPR
Posted on:
WASHINGTON, D.C. (NPR) — A new fight is brewing over taxes. The Biden administration wants to require banks to provide the Internal Revenue Service with information about how much money flows in and out of individual accounts each year. It’s part of a plan to catch people who might be cheating on their taxes and… Read More
Sales Taxes Up, Overall Ohio Revenues Are Down – But That Could Flip Next Month
By: Karen Kasler | Statehouse News Bureau
Posted on:
COLUMBUS, Ohio (Statehouse News Bureau) — Ohio’s sales tax revenues were up for the last month, but income tax collections were way down. The state’s Office of Budget and Management says overall, revenues were nearly 13% off forecasts. Sales taxes were up by nearly 23% – and with car sales going briskly, auto sales taxes were up… Read More
White House Proposes $1.8 Trillion Plan For Children And Families
By: Alana Wise | NPR
Posted on:
The American Families Plan would expand free public education and make child care more affordable. The White House wants to pay for the measure by raising taxes on the country’s richest.
IRS Postpones Tax Filing Deadline To May 17
By: Brian Naylor | Suzanne Nuyen | NPR
Posted on:
It will be the second consecutive year the agency has given taxpayers more time to filed their returns because of the coronavirus pandemic.
Study Says Ohio Needs To Reinstate Corporate Income Tax
By: Jo Ingles | Statehouse News Bureau
Posted on:
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
Ohio Tax Collections Up, But So Are Medicaid Caseloads
By: Karen Kasler | Statehouse News Bureau
Posted on:
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
Tax Deadline Extended to July 15 Over Coronavirus Pandemic
By: Merrit Kennedy | NPR
Posted on:
“All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” Treasury Secretary Steven Mnuchin said Friday.
Plan to Make it Harder to Hike State Income Tax Could Go to Voters
By: Karen Kasler | Statehouse News Bureau
Posted on:
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
West Virginia Republicans Move Forward on Tax Overhaul
By: Associated Press
Posted on:
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
DeWine, Lawmakers had Smooth First Year, but Disagreed Over Taxes in Budget
By: Karen Kasler | Statehouse News Bureau
Posted on:
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
Appeals Court Rules Trump’s Accountants Must Turn Over Tax Records
By: Brian Naylor | NPR
Posted on:
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.
Ohio House Votes to Repeal State Sales Tax on Tampons
By: Associated Press
Posted on:
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
New Study Shows Changes In Ohio’s Tax Policy Benefits The Wealthiest Even More Than Before
By: Jo Ingles | Statehouse News Bureau
Posted on:
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
Report: WV Governor’s Companies Owe $2M Virginia Tax Debt
By: Associated Press
Posted on:
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
Ohio Ditches Sales Tax for Glasses and Contact Lenses
By: Associated Press
Posted on:
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
Senate Budget Keeps Tax Credits While Cutting Income Taxes
By: Andy Chow | Statehouse News Bureau
Posted on:
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
DeWine Urges Lawmakers To Restore Small Business Tax Deduction To $250,000
By: Karen Kasler | Statehouse News Bureau
Posted on:
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
H&R Block, TurboTax Accused Of Obstructing Access To Free Tax Filing
By: Laurel Wamsley | NPR
Posted on:
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 Blast Change In House Budget As Tax Increase
By: Karen Kasler | Statehouse News Bureau
Posted on:
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