Insights

Dave Froling and Jeffrey Miller, attorneys in the Vorys Columbus office and members of the state and local tax group, authored an article for Tax Law360 titled “Ohio Remote-Work Tax Bills Would Unduly Burden Employers.” 

On August 8, 2020, President Trump issued a memorandum directing the Treasury Department to enable employers to defer withholding and payment of employees’ share of social security taxes.

In this edition of Development Incentives Quarterly, we welcome Kelli Saunders, senior director of incentive and site selection of DHL Supply Chain in Westerville, Ohio.

Public record requests commonly target major economic development incentives.

Indemnification provisions are an important part of the fine print of many contracts.

Last March, shortly after Governor DeWine required all non-essential employees to work from home, the Ohio General Assembly wisely enacted HB 197 in order to prevent an administrative nightmare for employers.

On August 8, 2020, President Trump issued a memorandum directing the Secretary of Treasury to expand a tax deferral opportunity to the employee’s share of the social security tax and to further explore turning the employee deferral into a waiver. We believe a waiver would require legislative action.

In response to the COVID-19 pandemic, Congress enacted the Families First Coronavirus Response Act (FFCRA).

On July 28, 2020, the Council of the District of Columbia unanimously passed the District of Columbia Low-Income Housing Tax Credit Clarification Amendment Act of 2020 (the Act) as a component of the Fiscal Year 2021 Budget Support Act of 2020 (B23-0760).

On June 24th, the Ohio Senate concurred in the Ohio House amendments and passed Amended Senate Bill 4 (S.B. 4), which will now be sent to Governor DeWine for his signature. 

Employers with PPP loans forgiven are now fully eligible to take advantage of Employer Social Security Tax deferral.

On May 28, 2020, the Ohio Board of Tax Appeals (BTA) issued a decision in Columbus City Schools Dis. Bd. of Edn. v. McClain, et al. (May 28, 2020), BTA No. 2018-649 that reverses real property tax exemptions for permanent supportive housing facilities.

On May 20th the Ohio House unanimously passed Am. Sub. H.B. 609 which establishes an amnesty program that begins on January 1, 2021 and concludes on March 31, 2021.

In 2018, the United States Supreme Court ruled in South Dakota v. Wayfair that states may charge sales tax on purchases made from out-of-state sellers, even if the seller does not have a physical presence in the state. 

The IRS has issued FAQs providing additional guidance on several aspects of the CARES Act Employee Retention Tax Credit.

On April 30 the IRS issued Notice 2020-32, which concludes that where an employer obtains forgiveness of an amount of a PPP loan, the employer may not claim a tax deduction for the eligible expenditures resulting in such forgiveness.

The COVID-19 pandemic has disrupted both our health and our economy. JobsOhio and ODSA are helping businesses cope.