Category "Tax"

Ohio Economic Development Bill Approved

Ohio Representative John Rogers, D-Mentor-on-the-Lake, has just managed to score a victory on the legislative floor with a new economic development bill that’ll get the attention of anyone with an Ohio business tax ID.

The proposed bill, aimed at strengthening Ohio’s regional economic alliances, as well as fortifying the partnerships between the state’s local communities, got approval from Gov. John Kasich, with implementation set to start at the 31st of July onward.

According to a statement made by Rogers, Ohio should always be on the lookout for ways to improve business climate while allowing for a development friendly approach to improving the state’s economy and creating new jobs for people. He adds that the legislation is aimed at bringing industry leaders, people with Ohio business tax ID, together in order to see the benefits and challenges associated with regional partnerships with regards to economic development.

As part of the new legislation, an Economic Development Study will go around getting input from local participants, ranging from county commissioners and township trustees to city councils, among others, in order to create recommendations for business regarding the sharing of Ohio resources and services towards establishing a regional strategy for economic growth.

Rogers says that, by creating strong regional partnerships all aimed at creating jobs across Ohio, they can better focus efforts regarding economic development whilst maximizing the state’s resources and cutting down on tax spending.

The committee for the legislation will be bipartisan, with members from both the state House and state Sentae, as well as a chosen member from the governor’s office and six nonvoting members taken from the regional planning and economic development industries.

Rogers noted that, beyond allowing for more focus economic development for the state and for those with aOhio business tax ID, it’ll also allow cities and villages in the state to set a single property tax levy for fire and police.

Rogers says that he met up with both Democrats and Republicans, and they agreed that current Ohio legislations required a few changes to give cities and villages flexibility when proposing levies, that improving on public safety and services should not have to involve proposing two levies when one can suffice, which can lead to redundancies in cost.

Share This: