Senate Budget Has Investment Controls
Columbus Dispatch By Jim Siegel and Catherine Candisky With the coin-investment scandal fresh in their minds, Senate Republicans approved more budget changes yesterday, including limits on future investing and the elimination of a sales-tax exemption for coin and bullion investments. Voting along party lines, the Senate Finance Committee approved the $51.2 billion budget that also […]
Republicans Push Budget Bill
Republicans Push Budget Bill Out of Committee After Making Numerous Changes to Tax Provisions, Other Areas Gongwer News Service The $51.2 billion biennium budget bill emerged from committee late Tuesday with most major provisions relatively intact, including the biggest overhaul of the state’s tax code in decades. Among the more notable changes included in a […]
Report Criticizes Taft’s Tax Proposal
Dayton Daily News Gov. Bob Taft’s remedy for a stagnant economy will create more economic woes, according to a report released Monday by Policy Matters Ohio. The state budget pending before the Ohio Senate would phase out the corporate franchise tax and the tangible personal property tax businesses pay on equipment, machinery, inventory, furniture and […]
Studies Released on Corporate Franchise Tax
Gongwer News Service Separately, government program advocates and researchers issued studies of budget-related issues recently, finding fault with majority Republicans’ plans to eliminate the corporate franchise tax and the tangible personal property tax. On Monday, the Cleveland-based Policy Matters Ohio released a study entitled “Strengthen, Don’t Scrap Ohio’s Corporate Franchise Tax” and argued that the […]
PMO Advises Strengthening Corporate Franchise Tax
The Hannah Report With Gov. Bob Taft’s tax reform plan running hard as it nears completion of the second leg of the Ohio Triple Crown of legislation, Policy Matters Ohio (PMO) is advising state Ohio Senate policymakers to reconsider strengthening the corporate franchise (CFT) tax instead of scrapping it as Taft’s plan does. Designed to […]
Retail Would Benefit By Proposed Tax Plan
Dayton Daily News By William Hershey Although Gov. Bob Taft’s proposed overhaul of the tax system is aimed at boosting manufacturing in Ohio, the retail sector would gain the most jobs under the proposal, according to an analysis released this week by the Development Department. The analysis broke down by category the additional 47,348 jobs […]
Biennial Budget Testimony by Jon Honeck cited
Gongwer News Service HB 66 BIENNIAL BUDGET (Calvert) To make operating appropriations for the biennium beginning July 1, 2005 and ending June 30, 2007, and to provide authorization and conditions for the operation of state programs. Set aside for issues surrounding the tax code overhaul in the bill, Friday’s hearing was dominated by proponents of […]
Biennial Budget Testimony in The Hannah Report
HB66 Biennial Budget Testimony The Hannah Report The following witnesses testified:• Tom Zaino, Ohio Business Roundtable;• Bill Weisenberg, Ohio State Bar Association (OSBA);• David W. Johnson, Summitville Tiles, Inc.;• Joe Roman, Greater Cleveland Partnership;• Bob Milbourne, The Columbus Partnership;• Edward W. (Ned) Hill, Cleveland State University;• Rocky Black, Ohio Farm Bureau Federation;• Michael Grubba, Millennium […]
Biennial Budget Testimony
Gongwer News Service HB 66 BIENNIAL BUDGET (Calvert) To make operating appropriations for the biennium beginning July 1, 2005 and ending June 30, 2007, and to provide authorization and conditions for the operation of state programs. Set aside for issues surrounding the tax code overhaul in the bill, Friday’s hearing was dominated by proponents of […]
REMI Study Comments
Gongwer News Service REMI Study Comments: Mr. Taft’s administration has pushed the CAT and other aspects of the proposal as a long-overdue upgrade of a tax system that overly burdens business investments and has proven to be anticompetitive for some time. To bolster the argument, the administration released a study late last month by the […]
PMO Says REMI Model Incomplete and Misleading
The Hannah Report Policy Matters Ohio (PMO) said an Ohio Department of Development (ODOD) analysis of Gov. Bob Taft’s tax reform plan is incomplete and misleading. According to Jon Honeck, Ph.D. and Zach Schiller, PMO’s analysis team, the REMI report — which has been used by researchers for many years and cost Ohio $154,000 — […]
Coverage of Wendy Patton’s Testimony on SUTA Dumping – May 2005
SB81 Unemployment Compensation – (Armbruster) Gongwer News Service SB81 – To conform state law to federal requirements in the establishment of civil and criminal penalties for manipulating payroll and business transfer information to obtain lower contribution rates in the treatment of Indian tribes as employers. Proponents who testified in the Senate delivered the same comments […]