On April 27, 2021, President Biden issued an Executive Order raising the minimum wage for federal contractors from $10.95 per hour to $15.00 per hour, effective January 30, 2022.
Among the new economic development programs created in Amended Substitute House Bill 110 (H.B. 110 or the Budget Bill) are enhanced potential incentives for megaprojects.
In May 2021, New York enacted its Health and Essential Rights Act (HERO Act). The law mandates extensive workplace health and safety protections in response to the current pandemic and to protect against future airborne infectious disease outbreaks.
As part of Ohio’s Budget Bill, H.B. 110, which Governor DeWine signed on July 1, 2021, owners of real property listed as exempt from real property taxation will be subject to new reporting requirements. The Budget Bill included an amendment to R.C. 5713.083 that now requires owners of property included on the list of exempt property to notify the county auditor where the property is located if the property ceases to qualify for real property tax exemption.
The Ohio General Assembly recently enacted and funded new state programs to encourage redevelopment of sites, including both brownfield and non-brownfield sites. H.B. 110, the state’s main operating appropriations bill for FY 2021-2022, was signed into effect on June 30, 2021.
On July 1, 2021, Governor DeWine signed Senate Bill 49 giving lien rights to Ohio architects, landscape architects, professional engineers, and professional surveyors (design professionals) beginning September 30, 2021.
On July 15, 2021, the California Supreme Court answered Alice’s question with respect to paying employees for missed meals and rest breaks – employers must pay meal and break premiums at the employee’s higher “regular rate” rather than the employee’s base hourly rate.
On July 9, 2021, President Biden issued an Executive Order “to promote competition in the American economy, which will lower prices for families, increase wages for workers, and promote innovation and even faster economic growth.”
Last week, Ohio Governor Mike DeWine signed an executive order allowing collegiate athletes to benefit from their name, image, and likeness in Ohio. Governor DeWine’s executive order came only a few days after Ohio’s promising name/image/likeness (NIL) bill stalled in the House of Representatives.
As a follow-up to the Vorys Tax Alert issued June 29, 2021, we now can confirm that Governor DeWine signed the legislation, which officially repeals the sales tax imposed by Ohio on employment services.
On June 30, 2021, Governor Mike DeWine signed Amended Substitute House Bill 110 (H.B. 110 or the Budget Bill), which creates the biennial budget for State fiscal years (SFY) 2022-2023 (July 1, 2021-June 30, 2023).
On June 28th, the Ohio General Assembly approved Sub. H.B. 110 (H.B. 110). In so doing, the General Assembly effectively extended to December 31, 2021, the temporary, COVID-driven, pro-employer local withholding tax provisions contained in section 29 of Am. Sub. H.B. 197 (which were set to expire on July 18).
Taxpayers have searched for ways around the sales tax imposed by Ohio on employment services for nearly 30 years. The Ohio House and Senate voted to repeal the tax as part of the State’s Budget Bill, H.B. 110.
On June 28, 2021, the United States Environmental Protection Agency (USEPA) issued a proposed rule detailing new reporting requirements under section 8(a)(7) of the Toxic Substances Control Act (TSCA) for per- and polyfluoroalkyl substances (PFAS).
Taxpayers have searched for ways around the sales tax imposed by Ohio on employment services for nearly 30 years. The Ohio House and Senate voted to repeal the tax as part of the State’s Budget Bill, H.B. 110.
As a former president and general counsel of a private equity firm, followed by five years at the Ohio Development Services Agency, Vorys of counsel Sean Byrne is uniquely positioned to counsel PE firms on how they can creatively utilize economic development incentives to maximize investments.
Jonathan K. Stock
Scott J. Ziance
Christopher J. Knezevic
Sean P. Byrne