Press Releases
2 min read
$12,600,000 Jury Verdict on Fraud Cla... $12,600,000 Jury Verdict on Fraud Claims Against Major Law Firm Punitive Damages Yet to be...Blog
Ohio State Tax Blog
Ohio State Tax News
June 21, 2013 • < 1 min read
With both the House and Senate controlled by Republicans, significant changes to Ohio’s tax landscape were certain to occur after Gov. Kasich unveiled his proposed budget for the upcoming biennium beginning July 1, 2013. After yesterday’s announcement that Republican legislatures have reached an agreement, the specifics of those changes are becoming more clear, reflecting a shift towards a consumption-based tax structure. While not as drastic as first proposed by the Governor, here are some of the highlights:
Focused on creating Ohio jobs, these changes continue Gov. Kasich’s emphasis on reviving Ohio’s economy by creating a more business friendly climate through tax cuts for Ohio residents and small businesses. It is estimated that Ohioians will save $2.6 billion in taxes under the new budget. The Budget Bill must be passed by the legislature and signed by the Governor before July 1, 2013.
We will have more details about the specifics of these changes and how they will affect Ohio taxpayers in the coming weeks.
Our attorneys will provide a collaborative, thoughtful approach to your legal needs. We look forward to connecting with you.