Taxes

State officials are warning Ohio employers about a scheme involving emails sent from people posing as company officials to request confidential payroll data.

The state's taxation department said Monday that payroll and human resources offices at various companies nationwide — including some in Ohio — have recently received emails requesting the data. The messages appear to come from the CEO or other top executives.

The taxation department says scammers use payroll and W-2 information to file fraudulent tax returns.

How Kasich And Trump Compare On Economic Policy

Mar 1, 2016

Super Tuesday aside, Ohio governor John Kasich says he will stay in the presidential race at least until Ohio’s March 15 primary. But he’s lagging behind Donald Trump in the polls even in Ohio. Kasich has run largely on his record in Ohio, and particularly his leadership around growing the economy.

Republican presidential contender and Ohio Gov. John Kasich wants further cuts to the state's income tax - even in a year that saw certain small-business taxes reduced to zero and across-the-board reductions statewide.

Kasich has advocated eliminating Ohio's income tax since his first run for governor in 2010. He said during year-end remarks Tuesday that further reductions remain a goal though Ohio's economic position is strong. He said the budget is balanced, the state's rainy day fund is strong and wages and job totals are rising.

Tax revenue from Ohio's four full-service casinos shows a slight increase in the third quarter of the year.

The Ohio Department of Taxation report for the period ending Sept. 30 says the casinos produced $66.6 million dollars, earmarked for cities, counties, schools and state agencies. That was up from $64.2 million in the second quarter.

The Columbus Dispatch reports that Cleveland will get $2.69 million of the tax revenue money. Columbus will see $2.65 million, Cincinnati $2 million and Toledo $1.45 million.

State: Military Pension Tax Exemption Costs Ohio Millions

Aug 19, 2015

A tax break intended to help Ohio attract military retirees has cost the state millions more than expected.

Former Gov. Ted Strickland signed a bill in 2007 declaring military pensions as tax exempt.

The state estimated it would cost up to nearly $22 million in tax revenue. But The Dayton Daily News  reports the state now says the exemption actually cost more than $29 million in fiscal year 2014 and over $31 million this year.

Lawmakers and Gov. John Kasich lauded the state budget for its tax cuts for small business owners. But it may actually include a tax increase.

The budget changes the current sliding tax rate scale for small businesses to a flat tax. And there’s a difference in the amount of income that can be deducted by small businesses between the two budget years. All that translates to a tax increase for the first budget year for business owners making up to $250,000.

Ohio Budget Passes Senate, Heads To House For Friday Vote

Jun 25, 2015

State senators on Thursday passed a sweeping $71.2 billion, two-year budget that provides an income tax cut for Ohioans, funds public schools and seeks to change health care policies.
 
The House is planning to vote on the measure Friday. The deadline for Republican Gov. John Kasich to sign the bill into law is Tuesday. Some things to know as the measure moves toward his desk:
 
     EDUCATION:
 

Lawmakers scrapped Gov. Kasich's proposal that would have given schools less money.
User: Thoth188 / Flickr/Creative Commons

The State Senate has released its version of Ohio's budget. The chamber plans to send $71.3 billion over two years, which is about one billion less than both the House and Gov. John Kasich's proposed spending plans. 

Senate President Keith Faber of Celina is happy with his caucus’ proposal – which he says has a smaller bottom line than the previous two budget plans. Tax cuts are the big feature in the proposal.  

“We are continuing today to build on our commitment to fund what matters and return to the taxpayers what’s not essential,” Faber said.

More than 150 farmers gathered in Trotwood Monday evening to share their concerns about taxes with a group of state legislators.

Kasich Receives Mixed Reaction For Severance Tax Proposal

Feb 4, 2015
Ohio Statehouse News Bureau

House leaders are looking over Gov. John Kasich’s budget proposal which includes a big swing of the bat when it comes to a tax increase on oil and gas drilling. But the industry is ready to fight the plan.

Kasich is trying again to raise the so-called severance tax, this time proposing to move it to 6.5 percent, which he says would raise $325 million. 

Shawn Bennett with the Ohio Oil and Gas Association says the industry is already hurting because of a drop in prices. He claims a higher tax rate will further discourage investment. 

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