OMA Tax Committee Reviews State, Federal Activity

The OMA Tax and Finance Committee — chaired by Meredith Mullett, manager of tax compliance for The J.M. Smucker Company — met virtually this week. Members were briefed on the OMA’s major Statehouse activities, including the association’s work on a proposed repeal of Ohio’s employment services tax (see related story).

Members heard from Justin Stallard, partner at OMA Connections Partner RSM, regarding recent federal tax and financial developments, including the latest on the Paycheck Protection Program (PPP) and Employee Retention Credit. Chris Netram, vice president of tax and domestic economic policy for the National Association of Manufacturers, provided insight on the Democrats’ proposed changes to the federal tax code. (The U.S. Treasury Department recently released the “Green Book” — a detailed explanation of the Biden administration’s tax proposals.)

The committee is scheduled to meet again Oct. 13. 6/2/2021