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  2. State income tax - Wikipedia

    en.wikipedia.org/wiki/State_income_tax

    However, Nevada, Ohio, and Washington impose a gross receipts tax while Texas has a franchise tax based on "taxable margin", generally defined as sales less either cost of goods sold less compensation, with complete exemption (no tax owed) for less than $1MM in annual earnings and gradually increasing to a maximum tax of 1% based on net revenue ...

  3. Is My Business Tax-Exempt? - AOL

    www.aol.com/finance/business-tax-exempt...

    Learn what it means to be tax-exempt and how to apply. ... 2024 at 6:48 AM. ... Tax-exempt organizations must complete a Form 990 return annually or face potential status forfeiture.

  4. How all 50 states tax retirement income: A comprehensive list ...

    www.aol.com/finance/states-that-tax-retirement...

    Ohio. The 2024 tax rates haven’t been published on its taxation website yet, but Ohio’s 2024–2025 budget removed a state income tax bracket and reduced the top rate, leaving only two. Those ...

  5. Ohio Department of Taxation - Wikipedia

    en.wikipedia.org/wiki/Ohio_Department_of_Taxation

    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.

  6. Ohio expands its property tax exemptions, here's what you ...

    www.aol.com/finance/ohio-expands-property-tax...

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  7. Business and occupation tax - Wikipedia

    en.wikipedia.org/wiki/Business_and_occupation_tax

    The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.

  8. Tax exemption - Wikipedia

    en.wikipedia.org/wiki/Tax_exemption

    Tax exemption is the reduction or removal of a liability to make a compulsory payment that would otherwise be imposed by a ruling power upon persons, property, income, or transactions. Tax-exempt status may provide complete relief from taxes, reduced rates, or tax on only a portion of items.

  9. What to know about Ohio's 2023 sales tax-free weekend - AOL

    www.aol.com/know-ohios-2023-sales-tax-165658235.html

    Ohio's sales tax-free weekend will begin 12 a.m. Friday, Aug. 4, and end at 11:59 p.m. Sunday, Aug. 6. ... There is no limit on the tax exemption of a total purchase. Qualification is determined ...

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