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Ohio Appeals Court rules federal wetlands designation impacts land value

USA - July 23 2014 An Ohio Appeals Court has held that when parcels of vacant land are evaluated for property tax purposes, legally imposed use restrictions &mdash…

Ohio Governor Kasich signs omnibus tax bill, but vetoes two provisions

USA - June 23 2014 On June 16, 2014, Ohio Governor John Kasich signed Am. Sub. H.B. 483. H.B. 483 was originally part of the administration's Mid-Biennium Budget Review…

Ohio enacts new limitations on joint economic development zones

USA - June 9 2014 On June 5, 2014, Gov. John Kasich signed Sub. H.B. 289 into law. The bill imposes sweeping limitations on the use of joint economic development zones…

Ohio Supreme Court rules BTA must determine value when evidence shows auditor’s value is in error

USA - June 2 2014 The Ohio Supreme Court recently reconsidered a prior decision and ruled (in a 4-3 decision) that while the Board of Tax Appeals (BTA) may not revert…

Nonprofit screening standards removed from FASB’s agenda

USA - April 15 2014 After the Financial Accounting Standards Board (FASB) proposed new nonprofit screening standards last September, FASB's board voted in late January…