The state has no corporate income tax. The gasoline tax is 38.5 cents a gallon. The cigarette tax is $1.60 per pack. Marijuana was legalized in Ohio in 2023; “adult-use cannabis” sold at state-licensed dispen
31, 2023, a taxpayer may elect to apply a new reporting location methodology to the apportionment of net profit from a business or profession, instead of the standard three-factor apportionment formula. Two other noteworthy changes include a new statutory exemption from the municipal income tax ...
despite the risk. In 2014, the tax (or fine) was $95 per adult and half of that amount per child with a family cap of $285. However, if 1% of your family income exceeded the previous calculated amount, than you paid the 1%. For example, if your household income was $...
Sales and income tax cuts: Taxes, Thomas said, are a three-legged stool in Ohio: income, sales and property taxes. When the state cuts one without cutting spending, the others must go up. And Republicans have cut more than $2 billion in income taxe...