Kent anticipates ‘significant’ effects from town tax refund legislation

The COVID-19 pandemic still has some men and women functioning from property, but their companies are nevertheless withholding revenue tax from the towns wherever their offices are located.

But upcoming yr, some of individuals citizens could be equipped to search for refunds for income taxes they paid to people cities.

Although the laws, which is however pending just before Ohio’s Senate, may possibly not influence people today who live in towns, it could influence those people staff who are living in townships or spots where by their money tax is lower than the town where they work. 

And whilst several of Portage County’s towns don’t think there will be a big hit on their finances for the reason that of their manufacturing foundation, Kent is anticipating a “important” impact on the city’s base line.

Money Tax 101

Although employers withhold profits tax based on the town where by their employees operate, individuals who live in metropolitan areas and villages are ultimately liable for spending earnings tax the place they dwell.