Ohio Pending Budget Bill reduces individual income tax rates, eliminates sales tax exemptions, and extends business tax credits; heads to Gov. DeWine for final approval.
June 30, 2025
The Ohio Budget Bill for FY 2026-27 (H.B. 96) was agreed to by the Ohio House and Senate in Conference Committee and now awaits Governor DeWine’s signature. Consistent with the direction commenced a few years ago, the Budget includes further reductions in Ohio’s individual income tax rate, which would be reduced to 2.75% in 2026…. Read More
IRS Issues Guidance Simplifying Income Tax Compliance Related to the Employee Retention Credit
April 11, 2025
The IRS recently released new FAQ guidance providing a simplified procedure for addressing income tax amendments and refund claims related to Employee Retention Credit (ERC) determinations. See IRS FAQs. Taxpayers claiming the ERC were required to decrease wage expenses by the ERCs claimed to avoid obtaining a double-benefit—i.e., the employee retention credit and deduction for… Read More
OSBA Sales & Use Tax Subcommittee Highlights Recent Cases – February 2025
March 25, 2025
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 February 6, 2025. The OSBA Sales/Use Tax Subcommittee Report discusses recent developments regarding exemptions, procedure and legislation. If you have any questions regarding this Subcommittee Report or any Ohio… Read More
Ohio provides real property tax benefits for property used for commercial agriculture or conservation purposes through the CAUV program.
March 21, 2025
Ohio reappraises and updates real property valuations every three years, and that means higher taxes. For tax year 2024, reappraisals and updates included counties such as Cuyahoga, Lake, Portage, Stark, Allen, and Sandusky.[1] As property values continue to increase, this means higher taxes for landowners. However, there may be a solution for property used for… Read More