Research and Development Tax Credit Expansion Act

On July 22, 2019, a bill (the Research and Development Tax Credit Expansion Act) was introduced that would be effective for taxable years beginning after December 31, 2019 to expand refundability and increase simplification of the research credit for certain small businesses. The Research and Experimentation (R&E) tax credit promotes

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Ohio Sales Tax Holiday Starts Today

Friday, August 5th marks the beginning of a one-time sales tax holiday in Ohio, and you can save between 6.5% and 8% in state and county sales tax. The holiday begins on Friday, August 5, 2016 at midnight and concludes on Sunday, August 7, 2016 at 11:59pm. During the period,

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Ruling on Double Taxation Case and Refund Eligibility

Ohio currently allows a state credit but no local credit for taxes paid to another jurisdiction, similar to the tax systems in Iowa and Maryland. If Ohio follows suit with the Wynne case, there could be potential for a possible refund of unapplied credits for local taxes paid to other

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2015 Kentucky Incentives Program Updates

Kentucky Corporate Income Tax – KY Business Investment Program Any business entity engaged in manufacturing, agribusiness, nonretail service or regional/national headquarters is eligible for the program. Kentucky counties are designated “enhanced incentive” eligible by meeting at least one of the three following criteria: counties with an average annual unemployment rate

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