Taxes

The Economy & Business
8:05 am
Wed December 19, 2012

Ohio to Notify Businesses of Tax Overpayments

Ohio's tax department says it will start alerting businesses when they've overpaid taxes and help them reclaim their money.

Previously, if businesses failed to discover the error in paying their commercial activities tax within a certain time frame, they lost the right to reclaim it.

Gov. John Kasich and tax Commissioner Joe Testa announced the policy change Tuesday.

They said the Ohio Department of Taxation will begin notifying about 3,500 taxpayers who may have overpaid by a total of up to $13.7 million.

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Politics
4:04 pm
Mon November 12, 2012

Ohio Legislator Wants Tax Refunds on Debit Cards

An Ohio legislator thinks the state should offer taxpayers the option of getting their Ohio refunds on prepaid debit cards.

State Sen. Eric Kearney says his proposal could save the state money and benefit low-income residents who don't have bank accounts. The Cincinnati Democrat says the option would give them a safe and easy way to get their refunds, avoiding check-cashing fees.

A federal survey found that about 414,000 Ohio households didn't have a checking or savings account last year.

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Politics
12:04 pm
Fri October 5, 2012

Brown-Mandel Divide Evident In Tax Stances

This election season the nation's eyes are on Ohio - and not just the presidential battlefront. They're also watching the hot contest between Democrat Sherrod Brown and Republican Josh Mandel. It's one of a handful races that could determine whether the Democrats hold onto their slim majority in the U.S. Senate. Like most campaigns the candidates are either short on details or sing only one song about what they'd do to fix things. That's particularly true on the issue of taxes. Bill Rice of Ohio Public Radio Station WCPN reports.

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Around the Miami Valley
8:04 am
Thu July 26, 2012

Montgomery County Sues Fannie, Freddie Over Taxes

County officials in southwest Ohio have filed a class action lawsuit against two mortgage giants they say owe millions in unpaid taxes.

Montgomery County officials filed a federal lawsuit Wednesday that says Fannie Mae and Freddie Mac wrongfully claimed various exemptions to avoid paying transfer taxes to state counties.

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Statewide News
8:03 am
Thu July 12, 2012

Ohio Supreme Court to Decide If Tax Can Be Applied to Gasoline Sales

The Ohio Supreme Court will again have to decide whether a state tax, the commercial activities tax – also known as the CAT, that was created in 2005 can apply to a specific product.

The suit was filed by an excavating company, and it was joined by truckers, builders and contractors.  Anthony Ehler said the constitution requires money from taxes on motor vehicle owners and operators go to roads. Since CAT revenues go to schools, local governments and the state general fund, Ehler said lawmakers couldn’t put the CAT on gasoline sales.

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