Senate should further limit LLC loophole A giant Ohio tax break first created in 2013 has failed to generate economic results and should be scrapped, Policy Matters Ohio said in a report released today. Short of that, limits imposed by the Ohio House on the $1 billion tax break often
INTRODUCTION Ohioans across the state use programs and services funded by the state every day – from the roads they drive on to the schools their children attend. The growing prominence of tax breaks in the state tax code has drained resources from things that help everyone in exchange for
By Zach Schiller and Wendy Patton Good afternoon Chairman Dolan, Ranking Member Sykes and members of the committee. My name is Zach Schiller and I am research director of Policy Matters Ohio, a nonprofit, nonpartisan organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. Thank
By Zach Schiller and Wendy Patton Introduction The tax plan approved by the Ohio House last week would sharply limit an income-tax break for business owners that costs more than $1 billion a year while providing few benefits to the Ohio economy.[1] At the same time, it would eliminate the
Good afternoon, Chairman Schuring, Ranking Member O’Brien and members of the committee. My name is Zach Schiller and I am research director of Policy Matters Ohio, a nonprofit, nonpartisan organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. Thank you for the opportunity to testify
Cutting a big loophole makes sense, but benefit to lowest-income Ohioans is limited Policy Matters Ohio today released an analysis of the biggest provisions of the tax plan in the Ohio House budget bill, which calls for limiting an income-tax deduction for business owners, eliminating two tax brackets and reducing
Introduction Ohio business owners are able to get double tax benefits out of certain deductions to their state income tax. Hundreds of thousands of Ohioans may be able to take advantage of the tax law in this way. Though the exact value is difficult to calculate, the practice, available since
Good morning, Chairman Coley, Ranking Member Craig and members of the committee. My name is Zach Schiller and I am research director at Policy Matters Ohio, a nonprofit, nonpartisan organization with the mission of creating a more prosperous, equitable, sustainable and inclusive Ohio. Thank you for the opportunity to testify
Policy Matters Ohio testified before two Senate committees today, telling them to reject one bill that calls for slashing by 30 percent the rules that implement Ohio state law and another that would create a new tax credit for investors in opportunity zones. Senate Bill 1 would have agencies examine
With the shutdown of the General Motors Lordstown Assembly plant looming, Policy Matters Ohio asked Staughton Lynd for his reflections on the fight against plant shutdowns. Lynd, a leading labor historian and Legal Aid lawyer, worked as an attorney and activist with those who tried to keep the steel mills
It helped keep the Crew in Columbus—workers need similar protection What do Columbus soccer fans and Lordstown auto workers have in common? Both saw their local franchise threaten to pick up and leave. But Columbus soccer enthusiasts, partly with the help of a state law approved after Art Modell moved
Ohio’s upside-down tax system takes an especially heavy toll on black and Latinx[1] residents. That’s the finding of new research from the Institute on Taxation & Economic Policy (ITEP), a national nonprofit research group with a sophisticated model of the tax system. Cleaning up the state’s tax system so that
