OMA Tax Committee Hears from State Officials

This week, the OMA Tax Committee held its first meeting of 2019. Guest speakers were Ohio Tax Commissioner Jeff McClain and Rep. Gary Scherer (R-Circleville), vice chair of the House Finance Committee and a member of the House Ways & Means Committee.

Appointed by Gov. Mike DeWine last January to head the Department of Taxation, Commissioner McClain briefed committee members on his agency’s priorities, including implementation of the lead-abatement credit, opportunity zones, and adjustments to the state’s employment services tax.

Rep. Scherer discussed key aspects of Ohio’s new transportation funding plan, signed last week by Gov. DeWine to provide an additional $865 million a year for roads funding. Rep. Scherer also spoke about efforts to craft legislation that would establish guidelines for internet retail sales tax collections. Last summer’s U.S. Supreme Court ruling (South Dakota v. Wayfair) allows states to collect sales taxes from out-of-state online retailers that have sales of more than $100,000, or more than 200 annual transactions.

Follow tax issues affecting Ohio manufacturers here. 4/10/2019