A new information release has been issued that summarizes the sales tax exemption for baby products.

The adoption of these rules, and significant removal of duplicative language, is part of an overall plan announced by the Administration in January 2023 to eliminate one-third of the Ohio Administrative Code.

The DeWine administration and Ohio Department of Development (DOD) announced Monday that the $600 million onshoring grant to support Intel's manufacturing campus had been disbursed, saying it shows the state is delivering on its commitments.

Last year, Senate Bill 246 (134th GA) authorized pass-through entity owners to “elect” to file a new form IT 4738 and be subject to a new entity-level tax in response to the federal $10,000 SALT deduction cap limit placed on individuals.

Joby Aviation Inc. announced plans Monday to build an electric air taxi manufacturing facility at Dayton International Airport, creating 2,000 new jobs in the region.

A new salary overtime rule could impact millions of workers under a new proposal from the U.S. Department of Labor.

The IRS and Treasury last week issued a notice describing upcoming proposed regs that will clarify the new requirement from the Tax Cuts and Jobs Act to amortize research costs.

The OBM announced that the state’s Rainy Day Fund stands at a record of nearly $3.7 billion, “an increase of $174.7 million following the accrual of interest at the close of FY23 and the completion of a cash transfer into the fund” as authorized by the FY24-25 budget bill, HB33 (Edwards).

Experiential learning courses enable students to work part-time or full-time while gaining academic credits. We covered the finer details of what experiential learning could look like for the profession in May.

Property tax relief bill HB197 (Hall-Bird) now includes language to modify how Current Agricultural Use Value (CAUV) is calculated for farmland.