From
the Canton Repository
“The
heavily amended bill, approved by the Ohio House and Senate during
the recent lame-duck session, would expand the sales-tax exemption
for tangible personal property for the oil and gas industry,
resulting in tax breaks estimated by the Ohio Department of Taxation
at $264 million. In an unusual move, the General Assembly made the
tax breaks retroactive to June 30, 2010, requiring the state to make
sizable refunds.” (consumer's
tax money)
Ohio
Legislature freezes alternate energy requirements for five years. The
claim is that the plan if, implemented would raise rates on consumers.
Posted
by Paul Hunter
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