Revamping the Ohio Joint Economic Development District Law

UPDATE (06/14/2016): Governor John Kasich Signs Substitute House Bill 182 On June 13, 2016, Governor John Kasich signed Ohio Substitute House Bill (the “bill” or “Sub. H.B.”) 182. As the bill did not contain any appropriations, the Governor could not line item veto any of the language in the bill. Sub. H.B. 182 contains a number of provisions revamping the law governing Joint Economic Development Districts (“JEDD”), as described below. The bill also contains some changes to other areas of state and local law applicable to economic development. Sub. H.B. 182 exempts from property taxation real property owned by a nonprofit organization selected by the Federal Small Business Administration

Ohio Job Creation and Retention Tax Credit Update

Printer Friendly/PDF Version For businesses locating in Ohio, the two most prevalent credits and incentives available are the Ohio Job Creation Tax Credit (“JCTC”) and the Ohio Job Retention Tax Credit (“JRTC”) (collectively, the “jobs credits”). As the names suggest, the JCTC is focused on new fixed-asset investment and payroll and the JRTC is focused on retaining fixed-asset investment and payroll. JRTC awards require a high threshold of investment and payroll and have been limited over the years to significant projects. The jobs credits were revamped in Amended Substitute House Bill 64 (“Am. Sub. H.B. 64” or the “budget bill”), which was signed by Governor Kasich on June 30, 2015 and

South Dakota Latest State to Challenge Quill

Printer Friendly/PDF Version South Dakota Governor Dennis Daugaard has signed into law new sales and use tax nexus guidelines for the state of South Dakota. The new guidelines indicate that an out-of-state seller has nexus in the state for sales tax collection purposes if at least one of the following criteria is met: The seller’s gross revenue from the sales of tangible personal property, any product transferred electronically, or services delivered into South Dakota in the previous calendar year or current calendar year exceeds $100,000; or The seller sold tangible personal property, any product transferred electronically, or services for delivery into South Dakota in 200 or more separate

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