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The bill, which creates a flat tax and makes some property tax changes, could cost local governments and schools more than a billion dollars, and is a top priority of House Speaker Jason Stephens (R-Kitts Hill).
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The Policy Matters Ohio study takes a look at income tax policy since the 2005 overhaul.
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Policy Matters Ohio says the wealthiest in the state will benefit the most.
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According to an analysis from Policy Matters Ohio, the tax cut would mostly benefit the wealthiest people.
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Republican leaders of the Ohio Senate have proposed a $75-billion-dollar, two-year budget that includes a 5% across-the-board income tax cut – which is a boost from a 2% cut in the House budget.
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Rep. Erica Crawley says the tax cut would benefit those with higher incomes rather than help low-income individuals who are struggling during the pandemic.
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Kent State University and the University of Akron are among schools calling off J&J shot clinics; House Republicans have proposed a 2% personal income tax cut in their version of the state budget, and other stories.
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The deadline for income tax filing and payments in Ohio has been pushed back to May 17.
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It’s state and federal tax filing day – delayed by three months because of coronavirus.
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Bars and restaurants in Ohio closed on March 15, and the stay at home order took effect March 23. And the state is now starting to feel the financial...