Income Tax

The Economy & Business
11:17 am
Thu July 3, 2014

Think Tank: New Ohio Tax Cuts Benefit The Wealthy

Credit Chris Potter / Flickr Creative Commons

Ohio’s looking at an $800 million surplus at the end of its fiscal year, and Republican Governor John Kasich has been touting $400 million in tax cuts in the latest mid-term budget, known as the mid-biennium review.

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Politics
12:26 pm
Wed March 12, 2014

Governor’s Budget Update Bill Includes Tax Cut, Cigarette And Driller Hike

The governor’s budget update bill includes another state income tax cut – paid for by increases in two existing taxes.

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The Economy & Business
6:33 pm
Tue March 11, 2014

Huber Heights To Seek Income Tax Increase

Huber Heights has seen revenues decline since the Recession.
Credit Lewis Wallace / WYSO

Huber Heights has announced plans to seek an income tax increase on the November 2014 ballot; the city is predicting budget shortfalls of $2.3 million per year.

“We’ve been using reserves for the past five or six years to provide the services we have out there today, and we’ve come to a crossroads,” says Scott Falkowski, Huber Heights Assistant City Manager.

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The Economy & Business
6:35 am
Tue April 23, 2013

Economic Experts Debate Whether Income Tax Cuts Create Jobs

The House has approved its version of the budget, and now the Senate will make its changes. One idea that’s been suggested by Senate President Keith Faber is to replace the House’s 7% income tax cut for all Ohioans with a 50% income tax cut to small businesses, which had been in Gov. John Kasich’s budget.

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Business & Technology
4:04 pm
Mon March 5, 2012

Big and Small Business React to Potential Income Tax Cut

Small business owners are salivating at the prospect Ohio might raise up to $1 billion over five years by hiking taxes on natural gas liquids drillers and using the revenue to pay for a general income tax cut. 

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