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Ohio: Progress Through Tax Reform

  • Feb 21, 2013 | Gail Cole

 Ohio Governor Seeks Growth Through Tax Reform.

Ohio Governor John Kasich (R) began his 2013 State of the State Address on a positive note. He talked of how Ohio's rainy day fund has gone from $0.89 to $1.9 billion since he first took office. He spoke of jobs, noting that Ohio is leading the Midwest in job creation, and number six in the country as a whole. He seemed pleased, but he cautioned against resting "on our laurels."

He then went on to say that "Ohio's taxes are too high." His solution?

  • Lower the sales tax from 5.5% to 5%;
  • Broaden the sales tax base to include numerous services;
  • Cut corporate income taxes in half;
  • Cut personal income taxes by 20% over the next three years; and
  • Modernize severance tax.

It remains to be seen whether or not the governor's proposed budget will gain traction with state lawmakers.

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Sales tax rates, rules, and regulations change frequently. Although we hope you'll find this information helpful, this blog is for informational purposes only and does not provide legal or tax advice.
Gail Cole
Avalara Author
Gail Cole
Gail Cole
Avalara Author Gail Cole
Gail began researching and writing about sales tax in 2012 and has been fascinated with it ever since. She has a penchant for uncovering unusual tax facts, and endeavors to make complex sales tax laws more digestible for both experts and laypeople.