Making a commitment to eliminate a burdensome tax system, Ohio in 2005 implemented full-scale, sweeping tax reform. Ohio's new business taxation model will mean a reduction in tax burden of up to 63 percent by 2010, the first year reform is fully implemented. The tax reform substantially lowers the cost of doing business in the state – leading to the lowest taxes in the Midwest by 2010.
Ohio's new taxation system means businesses can:
Ohio's favorable business climate and high quality of living, combined with low business and personal costs, make the state an increasingly viable location for business growth.
For additional information, please visit the following sites and links: