What’s the cost of uniformity?
Tiffin Advertiser-Tribune: A proposal to create a uniform set of rules and regulations for all cities in Ohio that impose income taxes has officials in some municipalities worried.
House Bill 601 would establish one set of rules for withholding and taxation among all cities and villages in Ohio.
For employers that have businesses in multiple Ohio cities, or contractors who send crews to work in a variety of locales, complying with local income taxes can be a challenge. And the cost of compliance can exceed the tax paid.
Care must be taken, however, to ensure the impact of HB 601 would be revenue-neutral. Local governments already are reeling from the loss of estate taxes and cuts in state funding. Some city managers have previewed the impact of the current bill’s provisions and calculated another substantial loss in revenue.