Bruner-Cox LLP is pleased to offer this informative State and Local Tax Newsletter. Click the links below to read this month’s featured articles:
Opportunity for Credits and Incentives
Tax jurisdictions are continuously competing to encourage taxpayers to invest and create jobs within their borders. Many jurisdictions are beginning to offer broader and more lucrative tax credits and incentives than were previously available…Click here to read complete article.
Oil and Gas Lease Payments and Ohio CAT
While Federal income tax is a major consideration when planning for oil and gas income, it is important to note that Ohio Commercial Activity Tax (CAT) should also be considered…Click here to read complete article.
Florida Sales and Use Tax Refund Opportunity
In order to encourage capital investment in manufacturing and spaceport activities in Florida, the state has authorized a sales tax refund on the purchase of certain eligible equipment…Click here to read complete article.
Ohio Commercial Activity Tax Return
As a reminder, the 1st Quarter 2012 Ohio Commercial Activity Tax return, along with the $150 annual minimum tax for 2012, is due May 10, 2012 for registered quarterly CAT taxpayers…Click here to read complete article.
Ohio General Tax Amnesty
The State of Ohio will offer a General Tax Amnesty program beginning May 1, 201 through June 15, 2012…Click here to read complete article.
S Corporation State Tax Payment Considerations
States tax S corporations in a variety of ways. Some recognize the federal S election and follow the federal approach of taxing the individual owners instead of the entity…Click here to read complete article.
Governor Kasich Proposes Oil and Gas Tax Hike
In March, Ohio Governor John Kasich announced proposed changes that would increase severance tax payments on oil and gas and an offsetting income tax cut of $1 billion by the latter part of the decade…Click here to read complete article.
Ohio County Sales and Use Tax Rate Changes
Please be aware of these recent Ohio sales and use tax rate changes…Click here to read complete article.
Ohio eForms Discontinued
The eForms method of filing sales and use tax electronically has been discontinued…Click here to read complete article.
Ohio Municipal Tax Uniformity – Progress Continues
In March, the Municipal Income Tax Uniformity Coalition, a group of state and local groups and interested parties was formed to promote needed changes to Ohio’s municipal income tax system…Click here to read complete article.
Pennsylvania Act 32 – Changes in Payroll Withholding
Pennsylvania Act 32, enacted in 2008, recently became effective. The purpose of this act is to simplify and consolidate the collection of Pennsylvania local earned income tax…Click here to read complete article.
Texas Fresh Start Amnesty Program
The Texas Comptroller of Public Accounts has announced a Taxpayer Amnesty Program…Click here to read complete article…Click here to read complete article.
If you have any questions regarding these articles, please contact your Bruner-Cox LLP engagement executive or , State and Local Tax Leader, at 330.497.2000, ext. 4129.