- Associated Press - Wednesday, June 15, 2016

COLUMBUS, Ohio (AP) - Ohio’s Supreme Court has directed the state tax commissioner to refund a nearly $360,000 penalty to a Republican congressman and his wife who delayed paying tax on income earned by a trust because they relied on an earlier legal interpretation about the tax.

Wednesday’s ruling ordered a refund of the penalty and interest to U.S. Rep Jim Renacci (rih-NAY’-cee) and Tina Renacci. The Wadsworth couple paid $1.4 million in Ohio income tax owed for 2000 in 2007, but sought a refund of the penalty paid in 2008.

The ruling says they had “reasonable cause” to believe they didn’t owe the tax.

Matt Chafin, chief counsel with the Ohio Department of Taxation, says the agency wouldn’t appeal.

Renacci’s statement said his fight was about fairness for taxpayers.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide