Ohio Govenor John Kasich will unveil his proposed budget for FY 2014-15 next month. During the last budget, Gov. Kasich focused on closing a substantial deficit. This time around, he is expected to propose a significant reduction to Ohio’s personal income tax, among other things. It will be interesting to see how Gov. Kasich proposes toRead More
Events & Webinars
The rules concerning which components of a construction project become real property upon installation and those that are business fixtures (remaining personal property) are often confusing. Even the Ohio Department of Taxation has taken an inconsistent approach at times – for example, arguing (albeit unsuccessfully) that golf bunkers and tee boxes were personal property inRead More
Click here to view Steve’s September 21, 2012 report which will be presented to the Taxation Section of the Ohio State Bar Association as Chair of the Sales/Use Tax Subcommittee.
Ohio has expanded its job creation credit to employers of “home-based employees.” Sub. H.B. 327 (effective Sept. 6, 2012). A “home-based employee” is an employee who works primarily from the employee’s Ohio residence exclusively for the benefit of a qualifying project and is paid at least 131% of federal minimum wage. To qualify for theRead More
As reported by the Columbus Dispatch, Gov. Kasich is strongly considering reforming Ohio taxes, again. Over the last decade, Ohio’s tax structure dramatically changed due to the advent of the commercial activity tax, while Ohio corporate franchise and personal property taxes were eliminated and the Ohio personal income tax rate reduced. Gov. Kasich now seeksRead More
The Ohio Department of Taxation (the “Department”) has a new initiative to audit quick service (or fast food) restaurants (“QSR”) throughout the state premised on the Department’s perception that QSRs fail to properly record taxable dine in sales. Article XII, Section 3(C) of the Ohio Constitution prohibits a sales tax on food purchased for offRead More
This article appears in and is reproduced with the permission of the Journal of Multistate Taxation and Incentives, Vol. 22, No. 3, June 2012. Published by Warren, Gorham & Lamont, an imprint of Thomson Reuters. Copyright (c) 2012 Thomson Reuters/WG&L. All rights reserved. By: STEVEN A. DIMENGO AND RICHARD B. FRY III After years of seeing jobs and businesses leaveRead More
Ohio’s General Tax Amnesty program begins today and runs through June 15, 2012. The program allows deliquent taxpayers to self-report essentially all Ohio taxes (except consumer’s use tax) that were due on or before May 1, 2011, including sales tax, personal income tax, commercial activity tax, pass-through entity tax and employer withholding tax. Taxes forRead More
Join Steve and Rich to hear their unique perspective on Ohio’s new use tax amnesty program. They are presenting a National Business Institute (NBI) LIVE teleconference on Tuesday, December 6, 2011 at 3:00 p.m. Eastern Standard Time (1.5 CLE). Click here for more information on the teleconference or to register.
Registration for InvestOhio, a 10% personal income tax credit for investments into Ohio small businesses, has begun. First, each investor and the small business must register for InvestOhio through the Ohio Business Gateway. Each registrant will receive an InvestOhio ID which it will need to apply for the credit. Then, starting the first weekRead More
