As Ohio Phases Out a Business Tax, Schools Must Seek New Revenue

Carvlin, Elizabeth
April 2006
Bond Buyer;4/26/2006, Vol. 356 Issue 32368, p30
Trade Publication
The article reports that school districts in Ohio are trying to find alternate means of raising revenue to make out for the state's termination of some business taxes. The state is to phase out locally collected personal tangible property tax, inventory tax and reduce the state's income tax by 20 percent. Standard & Poor's Corp. has said that the impact of the termination of business taxes on school districts will depend on how much of their tax base relies on those business taxes.


Related Articles

  • The 2005 Tax Season: How Businesses Stay Ahead. Bailey, Jim // Business Journal (Central New York);3/18/2005, Vol. 19 Issue 11, p11 

    Focuses on ways to reduce tax liability. Federal income tax deduction for domestic producers under the American Jobs Creation Act of 2004; Depreciation period for qualified nonresidential leasehold-improvement property; List of tax-favored fringe benefits.

  • Kaufman County Municipal Utility District No. 11, Texas, Upgraded to BBB by S&P.  // Bond Buyer;6/18/2014, Vol. 1 Issue 34128, p1 

    The article reports that Standard & Poor's (S&P) Ratings Services has raised its rating on general obligation debt of Kaufman County Municipal Utility District No. 11, Texas, to BBB from BBB-minus, and also mentions that raising of the rating reflects S&P's opinion of growing property tax base.

  • Oneida Special School District, Tenn., Upgraded to A by S&P.  // Bondbuyer.com;11/17/2014, p1 

    Standard & Poor's Ratings Services said it raised its long-term rating by one notch to A from A-minus on Oneida Special School District, Tenn.'s general obligation debt outstanding.

  • S&P Lowers West New York, N.J., to BB From BBB-Minus Over Budget. Kaske, Michelle // Bond Buyer;3/25/2009, Vol. 367 Issue 33086, p4 

    The article reports on the lowering of West New York's rating by the Standard & Poor's Corp. (S&P) in New Jersey in 2009. S&P has dropped the town's rating from BBB-minus to BB, as the muncipality has yet to acquire a budget for fiscal 2009, which ends June 30. To help increase about $40.6...

  • Palo Alto USD Raised. Saskal, Rich // Bond Buyer;4/21/2006, Vol. 356 Issue 32365, p35 

    The article reports on the upgrading of the long-term underlying rating by the Standard & Poor for the Palo Alto Unified School District to AA-plus from AA. This had affected roughly 116 million dollar of outstanding general obligation debt of the company. According to the agency, the upgrade is...

  • Remember: property taxes are deductible.  // Lakelander (Whitney, TX);2/11/2009, Vol. 23 Issue 6, p6 

    The article reports on the property taxes to be deducted on 2008 income tax claim in the U.S.

  • Disposals of Shares in Landowning Companies. Ward, John; Burke, Dara // Accountancy Ireland;Jun2008, Vol. 40 Issue 3, p58 

    The article offers information on the technicalities and subtleties of Taxes Consolidation Act (TCA)1997 Section 643 in Ireland. In this context, the author highlights possible charges whenever land-owning companies take an increasingly aggressive stance towards tax avoidance that can be...

  • Golden Valley Bans. Kelemen, Jasmina // Bond Buyer;2/11/2005, Vol. 351 Issue 32069, p39 

    Reports on the bond rating assigned to Golden Valley Unified School District's bond anticipation notes by Standard & Poor's Rating Services in California. Amount involved in the bond deal; Use of the proceeds from the transaction; Upgrade made to the district's general obligation bonds.

  • Lakewood School Upgrade. Carvlin, Elizabeth // Bond Buyer;8/30/2006, Vol. 357 Issue 32456, p35 

    The article reports on the ratings of Standard & Poor's Corp. for the unlimited-tax general obligation (GO) bonds of Lakewood City School District in Ohio. The agency's rating of AA-minus from A-plus was the result of the district's improved financial conditions. S&P also assigned its AA-minus...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics