Foreclosures continued to rise in Ohio in 2004. Policy Matters Ohio analyzes data from the Ohio Supreme Court in this June 2005 brief updating previous reports on the subject that provide more history and explanation (see links below). Overall, Ohio foreclosure filings rose 3 percent for a second year in
Ohio s proposed Commercial Activity Tax (CAT) on businesses, which in its House version already did not raise as much revenue as the taxes it is to replace, has been further weakened in the bill now pending before the Senate Finance Committee. This version of the bill permanently caps total
Ohio s proposed Commercial Activity Tax (CAT) on businesses, which in its House version already did not raise as much revenue as the taxes it is to replace, has been further weakened in the bill now pending before the Senate Finance Committee. This version of the bill permanently caps total
Ohio stands on the brink of eliminating its corporate income tax for nonfinancial companies, known as the corporate franchise tax. Under the budget bill passed by the House of Representatives in April, the corporate franchise tax would be replaced, along with the tax on tangible personal property, with a new
The Ohio Department of Development claims a new study by Regional Economic Models Inc. (REMI) proves that the Governor Taft’s tax reform plan will unleash the state’s economic potential. However, the study fails to establish that the plan will significantly boost Ohio’s economy. Most importantly, it analyzed the effect of
An analysis of many elements of Governor Bob Taft’s tax proposal reveals that the proposal would provide large tax cuts to the wealthiest Ohioans, while providing little or no savings for low-income Ohioans ??” and would shift the cost of funding of public services away from the wealthiest forty percent
An analysis of many elements of Governor Bob Taft’s tax proposal reveals that the proposal would provide large tax cuts to the wealthiest Ohioans, while providing little or no savings for low-income Ohioans ??” and would shift the cost of funding of public services away from the wealthiest forty percent
An analysis of many elements of Governor Bob Taft s tax proposal reveals that the proposal would provide large tax cuts to the wealthiest Ohioans, while providing little or no savings for low-income Ohioans and would shift the cost of funding of public services away from the wealthiest forty percent
A move to cut state income-tax rates on the most affluent would cost Ohio hundreds of millions of dollars in revenue and tilt the state and local tax system further against lower- and middle-income taxpayers. Those are the key conclusions of a review released today by Policy Matters Ohio, based
A number of the nation’s elite hospitals make some kind of payment to the cities in which they are located, in lieu of taxes or for specific services. These range from very little to nearly $2 million a year. The Cleveland Clinic is ranked fourth on the U.S. News &
Policy Matters Ohio was commissioned by the Cuyahoga County treasurer to research issues related to the possible development of a program under which local nonprofit hospitals would make payments in lieu of property taxes (PILOTs). This report estimates the value of property-tax exemptions for the major hospital systems, and finds
The Wrong Tax
Tax reform is in the air in Columbus. Gov. Bob Taft and Republican legislative leaders have called it their top priority. But disturbingly, proposals leaking out of the state capital take aim at the fairest tax in Ohio, the personal income tax. Cutting the income tax is likely to make