Columbus: Ohio tax changes start Sunday

11:07 PM, Aug 30, 2013   |    comments
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COLUMBUS -- On this holiday weekend celebrating workers, there's a small reason for them to celebrate.

Changes in Ohio tax laws will wind up putting a few extra bucks in their pocket.

Starting Sunday, there will be a nine percent reduction figured in to companies' payrolls.

"I think it's great. More money is always better," worker Joe Konah said.

That will work out to $3 to $4 a week more for most workers.

But the state giveth and the state taketh away.

Also on Sunday, the state sales tax goes up one quarter of a percent.

That will add to the price of all taxable merchandise. A $30,000 car will cost $75 more. A $1,000 TV will cost $2.50 more.

"It's a wash. It doesn't make any sense," worker Rick Dezort said. "One kind of equals out the other."

Small businesses will pay 50 percent less on their first $250,000 of income.

Berea's Hunt Imaging makes toner for high-speed printers. It has 31 workers.

CFO Mike Stanek says "It won't be enough to bring on more employees. We're hoping we will invest and a lot of other businesses will do likewise and the overall impact will be good for everyone."

Gov. John Kasich wanted bigger tax cuts. The Republican-controlled legislature delivered this compromise package.

There will be also be tax changes starting with property taxes approved in November.

Taxpayers will pay about 14 percent more because the state will stop funding a discount.


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