Tax departments throughout the state are fielding questions from taxpayers about the pre-payment of local tax bills. Some are considering paying taxes by the end of 2017 so they can still deduct them from their taxes under new tax rules going into effect.
The Treasury Secretary came to Columbus to promote Republican lawmakers’ $1.5 trillion tax reform plan, which they say will grow the economy, make the tax code simpler and create a middle-class tax cut. But not everyone agrees.
Though Republican state lawmakers claim to have cut taxes by $5 billion in the last six years, a new group has been set up to fight for lower taxes in Ohio. It's part of the national group Americans for Tax Reform- best known for the anti-tax pledge it asks politicians to sign.
Ohio tax law still has a “marriage penalty” – when married couples file jointly and pay more in state income taxes than they paid separately when they were single. And the issue has resulted in a union of an unlikely pair of sponsors.
House Republicans went back to the drawing board to roll out a new budget plan after seeing tax revenues coming up short month after month. The changes include taking out nearly all of Gov. John Kasich’s tax reform proposals and redirecting focus on the drug epidemic.
Gov. John Kasich’s budget includes a plan that would have businesses file a specific tax through the state, instead of through the municipality where they’re located. The state says it will save money, but communities say it’ll do just the opposite.
Gov. John Kasich has been warning for months now that tax revenues coming into the state are below expectations and that the upcoming two-year state budget will be tighter than in the past. His recent speeches have taken on a new theme.
2015 brought some controversial issues before lawmakers in the Ohio Senate, and some of them are likely to circle back around in the year ahead. The top leaders of the Senate debate how these decisions have effected Ohioans.