Posted on 04/13/15 by Zach Schiller in Revenue & Budget
MillerCoors has a gripe about its taxes. Every year, the company saves $350,000 because, like other brewers, beer importers and wholesale dealers, it gets a 3 percent credit for paying its Ohio alcoholic beverage taxes about three weeks in advance of when they’re otherwise due. Yes, you read that right. [image:1] Gov. Kasich has proposed eliminating that credit, and a similar discount for wine, as part of his tax plan. And that has MillerCoors concerned. The company objected to Kasich’s tax plan in testimony to the House Ways & Means Committee. Incredibly, if a beer permit holder doesn’t manage to qualify for... read more
Posted on 04/10/15 by Zach Schiller in Revenue & Budget
Next week, a new version of the two-year state budget will be introduced in the Ohio House of Representatives. One of the many items worth watching: What happens to a new, $350 million-a-year tax break... read more
Posted on 03/25/15 by Wendy Patton in Revenue & Budget
The executive budget is big on innovation. Gov. John Kasich’s proposed budget contains six line items supporting “innovation funds” of one kind or another, at a cost of $262 million over the next two years.... read more
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