Jessie Balmert Cincinnati Enquirer Published 7:56 PM EST Feb 13, 2019 COLUMBUS, Ohio — Teachers spend hundreds of dollars each year on books, pencils, computers, furniture and even basketballs for their students. An Ohio state senator wants to give those teachers a tax break. For federal income taxes, teachers already may deduct up to $250 spent on school supplies from their taxable income (or up to $500 for married people who file jointly). GOP state Sen. Stephanie Kunze is proposing an Ohio income-tax deduction for teachers who spend more than $250 on supplies, up to $500. For example, if Ms. Frizzle spends $300 on laboratory equipment, she could deduct $250 on her federal tax return and $50 on her state return. If Mr. Feeny spends $100 on books, he could deduct that from his federal tax return only. Items that could be deducted include professional development courses, books, computer equipment, software, furniture and even gym supplies. … [Read more...] about Teachers pay for lots of supplies. Should they get state tax break?
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/EIN News/ -- SALT LAKE CITY, Jan. 03, 2019 (GLOBE NEWSWIRE) -- Leading online retailer and blockchain technology pioneer Overstock.com, Inc. (NASDAQ:OSTK) announced today that it will become the first major U.S. company to pay a portion of its Ohio state business taxes in bitcoin using the state’s new cryptocurrency taxpayer platform, OhioCrypto.com. Overstock plans to pay its commercial activity taxes (CAT) in Ohio this February using the recently-launched OhioCrypto.com platform, which allows taxpayers to pay state business taxes with bitcoin. Ohio is the first U.S. state to offer a cryptocurrency payment system for state business taxes. “We have long thought that thoughtful governmental adoption of emerging technologies such as cryptocurrencies (when accompanied by non-restrictive legislation over these technologies) is the best way to ensure the U.S. does not lose our place at the forefront of the ever-advancing global economy,” said Overstock CEO and … [Read more...] about Overstock.com to Pay Ohio State Business Taxes in Bitcoin Using OhioCrypto.com
A university investigation found that Meyer and Ohio State Athletic director Gene Smith failed to inform the school's compliance department about an active criminal investigation of assistant coach Zach Smith for domestic abuse. Zach Smith, who has denied his ex-wife's claims, was sacked in July after news reports highlighted her allegations. Courtney Smith declined to pursue the charge, and police closed the case.Meyer apologized to Ohio State fans, but did not mention Courtney Smith. "I followed by heart, not my head". When asked about Zach Smith's alleged abuse while coaching under Meyer in 2015, Meyer told reporters he first learned about that late the previous evening. He will return September 22 when OSU plays Tulane in Ohio Stadium. He will also forgo six weeks of pay.Athletic director Gene Smith was also suspended.The Smiths separated in June 2015 and divorced in 2016.Urban Meyer won't be coaching Ohio State when it faces TCU next month, but he'll be involved in the game … [Read more...] about Ohio State’s Urban Meyer Suspended For Three Games
Some of Buffalo's biggest and most active real estate developers are among the largest beneficiaries of a special city property tax exemption — one that is frequently used in Buffalo, but is not well-known, understood or monitored by taxpayers. That's the conclusion of a new report by an advocacy group, which is raising concerns about the lack of oversight and potential for abuse in a statewide program that is used more in Buffalo than any other upstate city. The Public Accountability Initiative says the "485-a" tax breaks are benefiting wealthy developers, subsidizing luxury apartments and driving up rents. That, in turn, causes gentrification at the expense of lower-income residents, while leaving other property owners to make up the gap in the city budget, the group added. The 485-a program — known for the section of the state real property tax code that authorizes it — was designed to encourage the adaptive reuse of vacant or underutilized commercial and … [Read more...] about Report claims state tax breaks benefit Buffalo developers, drive up rents
Jim TrakasHandout CLEVELAND, Ohio -- A former Cuyahoga County state representative who's running for his old seat has become the second Republican state legislative candidate to sue a secretive Super PAC over attack ads the group aired leading up to this year's Ohio Republican primary. Independence Councilman Jim Trakas this month filed a defamation suit against Conservative Alliance PAC in Cuyahoga County Common Pleas Court. Trakas, a former Cuyahoga County Republican Party chairman, is running for Ohio's 6th House District, which encompasses southern and eastern Cuyahoga County suburbs, against Democrat Phil Robinson. The lawsuit seeks $25,000 in damages, and also asks a judge to force Conservative Alliance, which has been quiet since the primary ended, to not air any further ads against him. The lawsuit includes direct-mail pieces from Conservative Alliance that attack Trakas for his past support for a Republican state tax bill, and his association with Rep. … [Read more...] about Second Ohio state legislative candidate sues ‘dark money’ PAC over primary ads