- Associated Press - Tuesday, December 9, 2014

COLUMBUS, Ohio (AP) - A sweeping overhaul of Ohio’s municipal tax system has cleared the Ohio Legislature and is headed toward expected approval by Gov. John Kasich (KAY’-sik).

The Ohio House agreed Tuesday to Senate changes on the long-sought legislation. Approval follows years of heated debate between businesses faced with a patchwork of tax rules across hundreds of local jurisdictions, and cities that say certain changes in tax collections will mean huge revenue losses to their struggling communities.

Cities say a provision that allows businesses to use one year’s losses to reduce their local tax burden for up to five years will cost combined millions to their bottom lines. Proponents say most cities already allow it, and the legislation reduces red tape for businesses.

Changes in the bill would take effect in January 2016.


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