Taxes

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QUINN DOMBROWSKI / FLICKR/CREATIVE COMMONS

Here are your morning headlines for Tuesday, July 9: 

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CREATIVE COMMONS

Ohio is now the first in the country to allow payments in the digital currency bitcoin from businesses paying 23 kinds of taxes – from commercial activity taxes to gas and cigarette taxes to sales taxes to employee withholding taxes. 

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Cincinnati Reds

When a sports fan goes to a game and gets a free promotional item like a bobblehead, does the team have to pay taxes on that freebie? That was the question before the Ohio Supreme Court.

“Thank you for agreeing to hear this oral argument for a fun yet serious issue involving novelty items – bobbleheads.”

DAN KONIK

Here are your morning headlines for Wednesday, April 18:

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SOL HARRIS/DAY ARCHITECTURE

Here are your morning headlines for Thursday, Feb. 22:

Joe Thomas
Wikimedia Commons

Here are your morning headlines for Friday, December 29:

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WCPN

Homeowners across Ohio are racing to prepay their 2017 property taxes before year's end, in hopes of qualifying for a federal deduction before it's capped under the new tax law. But the rush is creating a uncertainty for both taxpayers and tax collectors.

Chris Hitchcock is Geauga County treasurer. He says although the county won't mail out tax bills until early January, his office is swamped with folks hoping to save money by prepaying their property taxes now.

tax form
FLICKR

Republicans say the tax overhaul will create jobs. And while many policy experts disagree, one profession is almost certain to see a bump: tax preparers. But the question is, how are they reacting to the new law?

The new tax regime is supposed to make filing taxes simpler for most Americans.

But "I think there's going to be a lot of confusion," Lisa Vivens said.

Akron Public Schools Announcement
TIM RUDELL / WKSU

As Republican Congressional leaders work to merge their two versions of the federal tax overhaul, an Ohio teachers’ group says a small provision in those bills would have a big impact on local teachers. 

The House proposal -- approved before the Thanksgiving holiday -- wipes out a $250 tax deduction for teachers. The deduction helps them recoup what they spend annually on classroom supplies like books or crayons, says Ohio Federation of Teachers President Melissa Cropper.

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Austin Marra / Ideastream

While the House and Senate reconcile a final tax overhaul bill, the Ohio Federation of Teachers says Congress is ignoring an even bigger issue for the Ohio's children.

Here are your morning headlines for Monday, November 13th:

Dan Konik

A panel of lawmakers was asked to look into how the state could transition to a flat tax rate. But they found that the state needs to address a $7 billion question mark first.

The report from the 2020 Tax Policy Study Commission claims a flat tax rate could be beneficial for the state.

But the commission also says a transition would be challenging because of its 120-plus tax expenditures.

The state foregoes $7 billion dollars in revenue a year from these so-called loopholes.

Republican leaders have said a flat tax would reduce taxes and simplify code.

photo of Ohio Supreme Court
DAN KONIK / STATEHOUSE NEWS BUREAU

A state budget provision just taking effect would change an 80-year-old policy, requiring those who want to dispute tax decisions go to one of 12 regional appeals courts instead of the Ohio Supreme Court.  

The Ohio Supreme Court’s Director of Public Information, Edward Miller, says the change was requested after a flood of local property tax disputes, when the court’s main role is to rule on big cases involving the constitution.

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STATEHOUSE NEWS BUREAU

For the second month in a row, the state collected more income taxes than forecasts suggested it would. Statehouse correspondent Karen Kasler reports that’s quite a turnaround from last year, when the two-year state budget had to be trimmed as income taxes fell nearly $850 million short.

  

Personal income tax collections were up nearly 1 percent last month, and that means the state is running almost 3 percent above where it thought it would be in that category.

tax form
FLICKR

Gov. John Kasich’s initial state budget would have required businesses to file certain tax forms with the state instead of in the cities in which they operate. After objections from cities, the final state budget made that an option. It’s still under debate on both sides.

It’s been six years since delinquent taxpayers in Ohio were given a chance to pay up without penalties. The new state budget gives them another opportunity at the beginning of next year.

Ron Grayson Burns
YOUTUBE

Ohio farmers have been pushing lawmakers to change the formula that determines how much in taxes they pay on their land. But the change could hurt another industry. h

Ron Grayson Burns looks over his vast wheat field in Union County.

“This field here this is just under 10 acres in this section. So it goes all the way back to the tree line that’s behind the grain bin."

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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.  Statehouse correspondent Karen Kasler reports the state says it will save money, but communities say it'll do just the opposite.

State tax commissioner Joe Testa says the proposal streamlines the process by which thousands of businesses would file their net profits taxes, by having them use the state’s Ohio Business Gateway.

LARRY OBHOF
OHIO SENATE

Tax changes are on the minds of Ohio’s legislative leaders.

Senate President Larry Obhoff of Medina County says taxes are one of the priorities in the 132nd General Assembly.

“Even though our overall [tax] rate in Ohio has gone down, the complexity, the needless layers of it, haven't really changed, and I think that’s a problem,” Obhoff said.

House Speaker Cliff Rosenberger says he also wants to tackle taxes.

“Tax shifting is not one of the things I’m interested in,” Rosenberger said.

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NEXUS GAS TRANSMISSION, LLC.

A new study commissioned by the City of Green says that routing the NEXUS pipeline through the city would cost $123 million in property and income taxes over the next 50 years.

The study conducted by Cleveland State University focused on the fiscal and economic impact the pipeline would have on the city’s schools, businesses and day-to-day operations.

Zack Reed
File photo / WKSU

Cleveland City Councilman Zack Reed is calling for an income tax increase to help fight crime in the city. The city is coming off its’ second year of more than 100 murders, and Reed says something needs to be done to reduce crime. 

  Cleveland’s income tax has been at 2 percent since 1982. Reed wants an extra half-percent, which he says could hire 200 new police officers, buy new law enforcement technology and help pay for police reforms in the city’s agreement with the Justice Department. He says current revenue isn’t enough to cover that.