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(The Center Square) – Ohio Attorney General Dave Yost is at odds with state business groups over state liquor sale profits funneled to a private, nonprofit organization for economic development.
In December 2015, the LCBO authorized some supermarkets to sell cider, wine, and beer within their grocery aisles, substantially weakening their and The Beer Store's long near-monopoly statuses. [12] [13] As of December 9, 2016, nearly 130 grocery stores had been licensed to do so; 450 were expected to be licensed by 2020. [14]
The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.
The IRS mandates that foundations direct 5% of their annual funds to charitable or educational purposes to keep their tax-exempt status. [1] Traditionally this is achieved via grants to non-profit organizations; however, program-related investments (PRIs) serve as an alternative option and can be preferred as it creates the potential for a ...
Ohio has been named among the Top 10 states in the nation to start a small business in 2024, according to a recent study. Here's why. Ohio is a Top 10 state to start a small business, new study says.
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According to the Small Business & Entrepreneurship Council, Ohio's top personal income tax rate ranks #25 as of 2014. [228] The rate has been steadily declining since the 2005 tax reform, dropping from $11,506.20 + 7.5% of excess over $200,000 in 2004 to $8,671.63 + 5.421% of excess over $208,500 in 2013. [229]
(The Center Square) – Ohio’s largest single job creation project in state history could receive more than $450 million in tax breaks. The Ohio Tax Credit Authority approved a 2.594%, 30-year ...