Ohio Governor John Kasich's FY 2014-2015 biennial budget bill was introduced this week. Weighing 22 pounds in print, covering over 4,200 pages and containing almost 130,000 lines of text, the bill does not lack in length or ambition.
Evelyn Lundberg Stratton, of counsel in the firm’s Columbus office who before joining Vorys served for 16 years on the Ohio Supreme Court, authored an op-ed for the Columbus Dispatch in support of Ohio Senate Bill 350. According to her op-ed, the proposed legislation would allow probate judges to order outpatient treatment for somebody who does not need a full, expensive and often unavailable hospitalization.
The new year has brought with it several permanent changes to the state and federal estate tax laws. These changes will have a major impact on estates and the terms of estate planning documents on a going forward basis.
The Ohio EPA has proposed a new exemption from its Stage II vapor recovery requirements for new gasoline dispensing facilities (GDFs) that install low permeation hoses and notify the Ohio EPA of their intent to comply with the requirements of the new rule.
G. Ross Bridgman, a partner in the Columbus office and chair of the Vorys health care group, co-authored an article with Scott R. Mote, the executive director of Ohio Lawyers Assistance Program, for the January/February 2013 edition of the American Bar Association's GP Solo.
Jackie Ford, a partner in the Vorys Houston and Columbus offices, authored an op-ed for the Houston Chronicle about a proposed Texas law that would prohibit employers from asking employees and job seekers for passwords to their social media accounts
This article, published in The Evaluator, explains tax reforms endorsed by the OSBA Council of Delegates. These reforms are focused on efforts to both improve the efficiency of the BTA while also addressing several areas of concern with the operation of the BTA.
On December 20, 2012 Governor John Kasich signed into law Amended Substitute House Bill 510 to change the way Ohio taxes financial institutions. Beginning January 1, 2014, Ohio imposes a new business privilege tax on financial institutions doing business in Ohio.
Alycia Broz and Robert Krummen, partners in the litigation group of the Vorys Columbus office, authored an article entitled “Flash Cookies Litigation: The Next Wave or a “Flash” in the Pan?”for the Winter 2013 edition of What’s in Store, a publication of the American Bar Association’s Section of Antitrust Law’s Consumer Protection Committee, Privacy and Information Security Committee, and Private Advertising Litigation Committee.
A recent trial victory on behalf of a major banking client clarifies three key points of law in Ohio fiduciary litigation. In June 2012, a Vorys trial team led by Daniel J. Buckley and Lisa Babish Forbes defended a trustee in a five-day bench trial against numerous breach of fiduciary duty claims brought by successor trustees and beneficiaries.
On January 10, 2013, the Consumer Financial Protection Bureau (CFPB) issued a number of mortgage-related rules, including its long-awaited qualified mortgage (QM) rules in an 804-page set of complex guidelines for residential real estate lending mandated by the Dodd-Frank Act. The rules take effect in January 2014.
On January 15, 2013, the Ohio Department of Developmental Disabilities (DODD) issued guidance to intermediate care facilities for individuals with intellectual disabilities (ICF/IID) regarding the state-wide assessments that will be completed by DODD during the first quarter of calendar year 2013.
In Revenue Procedure 2013-12, the IRS recently updated the Employee Plans Compliance Resolution System (EPCRS). The EPCRS program permits a retirement plan sponsor to correct operational, coverage and plan documentation errors in certain prescribed ways so as to preserve the tax-qualified status of the retirement plan.