With the recent passage of House Bill 166, the Ohio House version of the state operating budget for fiscal years 20’-21’. For the first time in recent memory the operating budget passed the Ohio House with almost unanimous support from both Democrats and Republicans with a vote of 85-9. One of the more significant changes […]
“Ohio House Passes State Operating Budget with Bi-Partisan Support” This week brought the passage of the state’s operating budget out of the Ohio House with broad bi-partisan support. Efforts to work across the aisle and bring a new level of bi-partisanship to the House of Representatives seems to be continuing and was on full display […]
What is old is new again this year at the Ohio Statehouse. This General Assembly brings with it another debate about energy policy and the role the state should play in the regulation and potential subsidization of one type of energy over another. House Bill 6 does a number of things, but primarily the legislation […]
The April 2019 US Treasury regulations published provide a clearer roadmap for the creation of Opportunity Zone Funds. The new federal government program provides substantial capital gains tax relief for longer term investors in one of 8700 census tracts designated as Opportunity Zones covering all fifty states and US territories. An original set of Treasury […]
The April 2019 US Treasury regulations published provide a clearer road map for the use of Opportunity Zone in corporate site location projects. The new federal government program provides substantial capital gains tax relief for longer term investors in one of 8700 census tracts designated as Opportunity Zones covering all fifty states and US territories. […]
The April 2019 US Treasury regulations published provide a clearer roadmap for the creation of Opportunity Zone Funds. The new federal government program provides substantial capital gains tax relief for longer term investors in Opportunity Zones covering all fifty states and US territories. Key concepts central the Opportunity Zone program include: Qualified Opportunity Zones. 8700 […]
In a booming economy with the large Baby-Boom generation retiring, employers everywhere are asking government and economic development leaders for help to address the lack of skilled workers jeopardizing economic success. In fact, a recent study found that 65% of Ohioans need a bachelors’ degree, associate degree or certificate for the state to serve just […]
Few topics garner debate more in a state operating budget than how Ohio funds its K-12 schools. Ohio House Bill 166, Governor Mike Dewine’s state operating budget, and the response of legislators on the K-12 education funding prove the current operating budget will battle will be no different than past efforts. Ohio funds its traditional […]
As a part of Governor DeWine’s Investing in Ohio’s Future budget, the Governor proposed the creation of the Ohio Opportunity Zone Investment Credit. The newly created Opportunity Zone Investment Credit and the Ohio Qualified Opportunity Fund are modeled after the Federal Tax Cuts and Jobs Act of 2017. The federal tax reform legislation established the […]