Ohio employees to pay less in state income tax in September - Cincinnati News, Weather, Sports from FOX19 NOW-WXIX

Ohio sales tax to increase one-quarter percent

Sales tax rates for Ohio counties in our area Sales tax rates for Ohio counties in our area
CINCINNATI, OH (FOX19) -

Ohio employees paying state income taxes will see a tax cut on paychecks beginning in September.

The Ohio Department of Taxation has issued new employer withholding tables to be used for payroll. The new tables go into effect on September 1. 

The new tables take into consideration the income tax rate reductions that went into effect when Amended Substitute House Bill 59 was signed into law. Employees paying state income taxes will pay 9% less starting in September and by 2015 a total of 10% less.

The new implementation will also cut small business taxes by up to 50% up to the first $250,000 of business income. The small business rate cut will take effect on January 1, 2013.

The new tax reform will, however, increase sales tax rates by 0.25%, a total of $1.15 billion over three years.

The history of sales tax in Ohio began in 1935 at 3%and slowly increased over the decades to 6% in 2003 which was later dropped to 5.5%. The latest change brings Ohio's state sales tax to 5.75% not including additional rates at the county level.

The Ohio Department of Taxation anticipates an overall net tax cut of $2.7 billion over the next three years. The goal is to create jobs and economic growth.

According to the department, groceries and take-out are exempt from sales tax along with housing and utilities, medical, and other expenses like education, prescription drugs, and gas. That means for the average household 35% of all purchases will be impacted.  

Copyright 2013 WXIX. All rights reserved.

  • FOX19 HeadlinesMore>>

  • AP sources: Prosecutors preparing charges against Cohen

    AP sources: Prosecutors preparing charges against Cohen

    Monday, August 20 2018 1:18 PM EDT2018-08-20 17:18:18 GMT
    Monday, August 20 2018 4:04 PM EDT2018-08-20 20:04:49 GMT
    (AP Photo/Richard Drew, File). FILE - In a Monday, July 30, 2018 file photo, Michael Cohen, formerly a lawyer for President Trump, leaves his hotel, in New York. Attorney Barbara Jones revealed in a letter filed Thursday, Aug. 9, 2018, in Manhattan fed...(AP Photo/Richard Drew, File). FILE - In a Monday, July 30, 2018 file photo, Michael Cohen, formerly a lawyer for President Trump, leaves his hotel, in New York. Attorney Barbara Jones revealed in a letter filed Thursday, Aug. 9, 2018, in Manhattan fed...

    Two people familiar with the federal investigation of Michael Cohen say prosecutors are preparing criminal charges against the former Donald Trump lawyer that could be brought before the end of the month.

    Full Story >

    Two people familiar with the federal investigation of Michael Cohen say prosecutors are preparing criminal charges against the former Donald Trump lawyer that could be brought before the end of the month.

    Full Story >
  • School year to begin at Texas school where gunman killed 10

    School year to begin at Texas school where gunman killed 10

    Sunday, August 19 2018 10:35 AM EDT2018-08-19 14:35:09 GMT
    Monday, August 20 2018 4:04 PM EDT2018-08-20 20:04:40 GMT
    (Steve Gonzales/Houston Chronicle via AP, File). FILE - In this May 18, 2018, file photo, law enforcement officers respond to Santa Fe High School after an active shooter was reported on campus in Santa Fe, Texas. Students at the school will begin a ne...(Steve Gonzales/Houston Chronicle via AP, File). FILE - In this May 18, 2018, file photo, law enforcement officers respond to Santa Fe High School after an active shooter was reported on campus in Santa Fe, Texas. Students at the school will begin a ne...
    Students in Santa Fe, Texas, will begin a new school year with additional security measures in place following a mass shooting in May that left 10 people dead.Full Story >
    Students in Santa Fe, Texas, will begin a new school year with additional security measures in place following a mass shooting in May that left 10 people dead.Full Story >
  • Report: MeToo activist Argento settled sex assault complaint

    Report: MeToo activist Argento settled sex assault complaint

    Sunday, August 19 2018 10:37 PM EDT2018-08-20 02:37:32 GMT
    Monday, August 20 2018 4:04 PM EDT2018-08-20 20:04:38 GMT
    Asia Argento - one of the most prominent activists of the #MeToo movement against sexual harassment - recently settled a complaint filed against her by a young actor and musician who said she sexually assaulted him when he was 17. (Vianney Le Caer)Asia Argento - one of the most prominent activists of the #MeToo movement against sexual harassment - recently settled a complaint filed against her by a young actor and musician who said she sexually assaulted him when he was 17. (Vianney Le Caer)

    The New York Times reports that Italian actress Asia Argento _ one of the most prominent activists of the #MeToo movement _ recently settled a lawsuit filed against her by a young actor and musician who said she...

    Full Story >

    The New York Times reports that Italian actress Asia Argento _ one of the most prominent activists of the #MeToo movement _ recently settled a lawsuit filed against her by a young actor and musician who said she sexually assaulted him.

    Full Story >
Powered by Frankly