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January 25 & 26, 2022 : 31st Annual Ohio Business Tax Conference

Ohio Income Tax – Ohio Clarifies when Sales of Business qualify for Favorable Business Income Treatment

August 23, 2022

Ohio has finally given taxpayers long-awaited clarity on the tax treatment for sales of business.  H.B. 515 specifically addresses two situations when gains from the sale of an equity or ownership interest qualify as “business income” for Ohio income tax purposes. R.C. 5747.01(B). The sale of an equity or ownership interest of a business is… Read More

Ohio Real Property Tax – Ohio severely restricts school districts’ rights to challenge property values

June 21, 2022

Recently-enacted HB 126 significantly alters the rights and procedures for local school districts (among other government entities) to contest property valuations for real property taxes. The changes described below will affect current and future valuation complaints and appeals. Accordingly, this is an opportune time for property owners to review their approach to property taxes and… Read More

Ohio Income Tax – Ohio Jumps on Trend to Codify SALT Deduction Cap Workaround

June 16, 2022

Last year, this post explained that investors in Ohio pass-through entities (PTEs) may be able to avoid the $10,000 state and local tax (SALT) deduction cap using Ohio’s composite return election. Now a little over a year later, Ohio has ended any uncertainty and joined the growing number of states passing SALT Cap Workaround laws… Read More

Ohio Sales and Use Tax: Sales of mixed service including custom software and automated services purchased by bank needs further examination of purchaser’s true object. 

May 5, 2022

The Ohio Supreme Court recently addressed whether certain “account processing services” purchased by Cincinnati Federal Savings & Loan Co. were subject to Ohio sales / use tax. The services involved the use of software to automate maintenance of the bank’s accounting and financial records on an ongoing and real-time basis. The Court found that the… Read More

Deadline to Save on Your Real Property Taxes Approaching – It’s time to check if your property tax valuation is inflated.

March 9, 2022

Property owners and certain tenants may challenge the taxable value of their property for the 2021 tax year by filing a real property tax valuation complaint before March 31, 2022 to reduce their property taxes. For the first time, Ohio law allows certain commercial and industrial tenants, in addition to property owners, to file the… Read More

OSBA Sales & Use Tax Subcommittee Highlights Recent Cases

March 2, 2022

Click here to view the Sales & Use Tax Subcommittee Report that Steve and Rich presented to the Ohio State Bar Association’s Taxation Law Committee on January 27, 2022. The OSBA Sales/Use Tax Subcommittee Report discusses recent developments concerning the scope of taxable services, as well as the federal preemption of taxation on internet services which… Read More