Faster Tax Cuts

Carvlin, Elizabeth
July 2006
Bond Buyer;7/12/2006, Vol. 357 Issue 32421, p37
Trade Publication
The article reports on the announcement made by Ohio Governor Bob Taft regarding the acceleration of the rate of an income tax reduction that will be enforced from 2006 until 2009. Taft further added that he will impose an additional 8.4 percent reduction in the withholding tax rates starting October 1, 2006 as a result of a strong fiscal year-end report. The legislature also authorized the reduction of the state income tax by 21 percent.


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