22 Dec 2009 @ 7:28 PM 
 

Governor Signs Ohio Tax Cut Delay Into Law

 

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. The bill also allows Ohio colleges and universities to test proposed changes in construction contracting procedures in pilot projects.

Officials at The Ohio State University claim to save hundreds of millions of dollars if those could be implemented.

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Tags Categories: Ohio Tax Law Posted By: taxnick
Last Edit: 22 Dec 2009 @ 07 28 PM

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