The Ohio Department of Development announced Friday it is now accepting site proposals as part of the All Ohio Future Fund, which seeks to help attract economic development projects by increasing the number of project-ready sites.

The Ohio Department of Development announced Wednesday that 23 movie and television productions will receive more than $44 million in tax credits through the Motion Picture Tax Credit Program.

An ODT updated information release has been issued to clarify whether a consolidated elected taxpayer or combined taxpayer group must register and pay the commercial activity tax when total taxable gross receipts fall below certain thresholds.

The Ohio Supreme Court today issued a 5-2 decision in the Schaad v. Alder case, Slip Opinion No. 2024-Ohio-525, effectively denying impacted Ohio taxpayers from seeking a refund of municipal income tax paid to a municipality where they neither work nor live.

The oral arguments in the Schaad v. Alder case were held nearly one year ago on March 1, 2023. While we still await the Ohio Supreme Court’s decision determining whether taxpayers can obtain 2020 municipal income tax refunds, members can attend an upcoming municipal income tax symposium.

Tax revenues are down about half a percent for the fiscal year so far after another underperformance in January, but the overall revenue picture and sizable underspending leave Ohio’s budget on solid footing.

The fourth quarter 2023 commercial activity tax (CAT) return is due Feb. 12 for all CAT practitioners and taxpayers.

Feb. 20 is the voting registration deadline, with the primary election happening less than a month later on March 19.

The first ABO meeting of 2024 included discussions about future CPA pipeline and workforce development efforts, and how to best protect the public from current CPAs who fail to meet licensing requirements.

A report released recently by personal finance site WalletHub found Ohio has the 18th-highest amount of median student loan payments, at $192 per month.