Multistate Tax Alert: Ohio Governor’s Proposed 2014-15 Budget Would Result in Significant Tax Law Changes
The Governor’s goal is to reform Ohio’s tax structure
Ohio Governor John Kasich recently released his proposed 2014-2015 budget. The Governor’s goal is to reform Ohio’s tax structure by: reducing the overall personal income tax levy, adding a new deduction for individual owners of pass-through entities, adopting changes to the severance tax structure, and reducing the sales and use tax rate while broadening the sales and use tax base to include taxation of services.
Download the Alert to read more about these significant proposed tax law changes, including the various effective dates and the related revenue estimates.
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