taxes

Recent federal income tax reforms have eliminated itemized deductions which Ohio lawmakers often used when they stayed overnight while doing legislative business in Columbus. Now, Ohio taxpayers are picking up the tab for some of those expenses. 

Come next year, Kentucky lawmakers will be asked to enact an excise tax on electronic cigarettes. The proposal calls for a tax on vaping products and e-cigs at the same level as traditional cigarettes.

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Pete Rightmire / WVXU

More people seem to be trying to simplify their lives by reducing the clutter in their homes and making conscious decisions about what to keep and what to discard.

pixabay.com

Updated: Thursday, 4:10 p.m.

Hamilton County officials are confirming a deal is done between the county and Cincinnati to amend their convention center cooperative agreement.

Courtesy of The River City News

An amendment to state law overwhelmingly adopted by the Kentucky General Assembly and with near unanimous support from Northern Kentucky legislators has given cities with populations under 20,000 people to impose an additional tax on the sale of alcohol by the drink or package.

There are no tax cuts in Gov. Mike DeWine’s first budget. Lawmakers may change that when they introduce their version of it soon. However they probably won’t change the $19.2 billion in tax credits and loopholes in it.

Backers of new federal tax changes promised they would make taxes fairer for everyone. But Statehouse Democrats say that’s not what happened. And the minority party in state government has a tax reform plan of their own.

Ohio’s Bitcoin Tax Experiment Has Few Takers

Apr 15, 2019

Try making a list of the things that the cryptocurrency known as Bitcoin can be used for, and a few uses may spring to mind: some merchants accept it as payment, some investors trade it and, sometimes, Bitcoin is even used as the preferred form of ransom for cyber-criminals.

State lawmakers have said they want an income tax cut in the upcoming budget, but Gov. Mike DeWine wants them to invest big money in children’s initiatives and the opioid crisis. So that has some looking in and out of state for money so they can do both.

Leaders of the Kentucky legislature have proposed revising the state’s tax code, cutting $105 million in state revenue largely by changing how local banks get taxed.

Gov. Mike DeWine’s proposed 18-cent hike in the gas tax is still before state lawmakers. They would have to approve it as part of the transportation budget, which must be signed into law by March 31.

Republican Gov. Mike DeWine has found himself in a tough position right at the start of his administration – having to raise a tax that hits most Ohioans. And Democrats have pounced on him for it.

Gov. Mike DeWine says raising the gas tax from 28-cents a gallon to 46-cents a gallon will help fill a $1 billion construction budget shortfall, but the proposal has led to a debate over how it will impact Ohioans.

Gov. Mike DeWine will ask for a raise the state’s 28 cent a gallon gas tax, a recommendation from a committee he appointed. But DeWine won’t yet get specific on what he’ll ask for.

The 2017 Republican tax law changes are in full effect this year, and the average federal tax refund is down nearly 9 percent from a year ago. The law lowers federal withholding paychecks and increases the standard deduction for individuals, but it also takes away some deductions. And if taxpayers haven’t adjusted their withholding, they might find themselves with smaller refunds or even owing money this year. What do Ohio's senators think about this?  

State income tax collections have been down for the last two months, leading some to wonder whether Ohio will end the fiscal year with a surplus – or in the red.

city hall
Bill Rinehart / WVXU

Cincinnati homeowners will not see the city portion of their property tax bills increase in 2020.  

A council committee voted Thursday to hold those revenues at about $29 million.  

cincinnati edition
Jim Nolan / WVXU

A local landscaper on trial for taking part in an alleged minority contracting fraud scheme takes the stand in his own defense. Hamilton County property owners will see an increase in their taxes in 2019 for the Reds and Bengals stadiums. And a dispute between the county and the City of Cincinnati could delay construction of a music venue at The Banks.

This story was updated with new information at 11:30 p.m., Monday, November 26, 2018

Tax reforms in the state in recent years have resulted in some big tax breaks for small businesses owners. But a new study shows tens of thousands of them might also be taking advantage of tax breaks that were meant to help the state’s poorest residents. 

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