NASCAR Crosses Finish Line at Ohio Supreme Court
PDF/Printer Friendly Version On November 22, 2022, the Ohio Supreme Court (“Court”) issued its decision in NASCAR Holdings, Inc. v McClain, 2022-Ohio-4131. The Court overturned the April 5, 2021 decision of the Ohio Board of Tax Appeals (“Board”), which we reported on in this Buzz, and determined that all four categories of gross receipts challenged by NASCAR should not be sitused to Ohio for purposes of the Commercial Activity Tax (“CAT”). The four categories of receipts th
IRS Warns About Third Parties Promoting Improper Employee Retention Credit Claims
Know your Advisor - Beware of Improper ERC Tax Credit Claims In October, the IRS issued a news release to warn employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) by filing amended payroll tax returns for various quarters in 2020 and 2021. The IRS cautioned that some third-party advisory firms are taking improper positions related to taxpayer eligibility for and computation of the credit. Further, these third parties may n
Chamber's Blueprint for Ohio's Economic Future Calls for Comprehensive Tax Reform
PDF/Printer Friendly Version The Ohio Chamber of Commerce issued a comprehensive report entitled “Blueprint for Ohio’s Economic Future” (“Blueprint”) which focuses on key areas for growth and improvement for Ohio. The Chamber intends to use the report over the next ten years to drive policy improvements to increase Ohio’s economic growth. The Ohio Chamber of Commerce Research Foundation commissioned the report with Accenture to conduct an analysis of economic rankings of Oh
Ohio Board of Tax Appeals Upholds Limitation on Board of Education's Property Tax Appeal Rights
PDF/Printer Friendly Version On October 31, 2022, the Ohio Board of Tax Appeals (“BTA”) issued its Decision and Order in North Ridgeville City Schools Board of Education v. Lorain County Board of Revision, BTA 2022-1152, determining the effective date of the limitation of Board of Education (“BOE”) appeal rights enacted by Am. Sub. H.B. 126 (“H.B. 126”). ZHF reported on the passage of H.B. 126 in a previous Buzz. The No. Ridgeville case is the BTA’s first analysis of the new
Who Decides Local Values for Ohio Real Estate Tax – County Auditor or Ohio Tax Commissioner?
PDF/Printer Friendly Version UPDATE (November 7, 2022): Ohio Board of Tax Appeals Decides in Favor of Ohio Tax Commissioner Jeffrey McClain On September 14, 2022, the Board issued its decision, deciding in favor of the Tax Commissioner. Citing Brown v. Tracy, BTA No. 92-D-1213 (Nov. 12, 1993), the Board used a “reasonable and lawful” standard of review and also recognized that, referring to the sales-assessment ratio studies used by the Commissioner in making his determinati