Here is a link to the AP News story on Bloomberg Businessweek, highlighting the key provisions of Ohio’s $62 billion, 2 year state spending plan that was signed into law by Governor Kasich on Sunday evening.
Two significant changes include an increase in the state sales tax, from 5.5% to 5.75% and a phased-in income tax cut for individuals and small businesses, set to occur over the next 3 years. There were numerous provisions in the bill so I will continue to research the changes. In the meantime, let me know if you have any questions regarding these changes.
