Archive for the Income Tax Category

The interest rate for tax year 2016 is 5%. Ohio Revised Code 718.27 requires that municipalities set the interest rate for delinquent unpaid tax liabilities at the federal short-term rate (rounded to the nearest whole number percent) plus 5 percent (5%). Interest shall be imposed per annum on

City income tax withholding changes to take effect 01/01/2016.  Withholding changes are required per Chapter 718 of the Ohio Revised Code as amended by House Bill 5. Withholdings of $200.00 per month or more will be required to be remitted monthly, due dates will be 15 days