State Senate Passes Legislation Requiring Reporting and Review of Ohioans’ Property Tax Exemptions

A Republican-supported bill that would provide more transparency for local property tax exemptions passed in the Ohio Senate.

House Bill (HB) 66 sponsored by state Representative James Hoops (R-Napoleon) would require the Ohio Tax Commissioner’s biennial tax expenditure report to include information on local property tax exemptions and to require the Tax Expenditure Review Committee to periodically review local property tax exemptions.

Read More

Ohio Supreme Court Halts State’s Attempt to Collect More Taxes from NASCAR

The Ohio Supreme Court ruled Tuesday morning that revenue earned by NASCAR from selling the rights to broadcast stock car races and merchandise to Ohio fans is not subject to state business taxes.

In a unanimous decision, the Supreme Court rejected the Ohio Tax Commissioner, Jeffrey McClain’s, order that NASCAR owes the state almost $550,000 for money earned from broadcasting races, online marketing, and sponsorship fees.

Read More