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DeWine Urges Lawmakers To Restore Small Business Tax Deduction To $250,000

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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 Ohio Statehouse

Business Groups Blast Change In House Budget As Tax Increase

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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

The West Virginia Senate Chambers

W.Va. Senate OKs Dropping Tax on Social Security Benefits

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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

The West Virginia state capitol building

West Virginia Tax Collections Fall Below Estimates

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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

High Court Seems To Lean Against West Virginia In Tax Case

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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

Thousands Of Wealthier Ohioans Are Using A Tax Break Meant For Low Income Wage Earners

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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

West Virginia Governor Jim Justice

Companies Sue WV Gov.’s Family Companies Over Debts But Find Bank Accounts Empty

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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