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The Ohio Department of Taxation is the administrative department of the Ohio state government [1] responsible for collection and administration of most state taxes, several local taxes and the oversight of real property taxation.
Use tax may be applied to purchases from out-of-state vendors that are not required to collect tax on their sales within the state. The use tax imposes a compensating tax equal in amount to the sales tax that would have been imposed on the sale of the property, if the sale had occurred within the state's taxing jurisdiction. [3]
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly. This table ...
The economy of Ohio nominally would be the 20th largest global economy (behind Turkey and ahead of Switzerland) according to The World Bank as of 2022. [8] The state had a GDP of $822.67 billion in 2022, which is 3.23% of the United States total, [ 9 ] ranking 7th in the nation behind Pennsylvania and ahead of Georgia. [ 10 ]
Ohio (/ oʊ ˈ h aɪ. oʊ / ⓘ oh-HY-oh) [14] is a state in the Midwestern region of the United States.It borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the west, and Michigan to the northwest.
The 2024 Ohio redistricting commission initiative was a citizen-initiated constitutional amendment, Issue 1 on the ballot, that was defeated 53.7% to 46.3% in the November 2024 election. [1]
An attempt to end the Ohio estate tax was blocked in 2001 when state revenues began to drop and intense lobbying from a league of suburban municipalities lobbied for a continuation of the tax. In 2007, the Ohio estate tax was again proposed for amendment or repeal. A repealing the estate tax of Ohio was enacted by its general assembly during ...
[10] Many of the rights found within the state constitution align with the U.S. Constitution. These include the right to assemble (section 3), the right to bear arms (section 4), and protections against cruel and unusual punishment (section 9). [10] The Ohio Supreme Court holds that "the Ohio Constitution is a document of independent force ...