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TAX LAW NEWS - TAX LITIGATION
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Ohio Governor Ted Strickland has signed the delay in the income tax cut into law.
The move is designed to fill the 850-million dollar gap in the state’s budget for 2010.
Many Republicans called the proposal a tax increase, including Findlay State Representative Cliff Hite.
The 4.2-percent reduction was part of a 21-percent reduction that began in 2005. [...]
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The Ohio state auditor said Monday that late or missing financial information from Gov. Ted Strickland’s administration has made it impossible to conduct a required audit.
The announcement comes as state lawmakers are debating Strickland’s two-year, $54 billion budget proposal, whose financial calculations have come under scrutiny.
Without the audit for 2008, it is unclear whether the [...]
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