The Ohio House Finance Committee unanimously approved the Alternative Fuel Bill, HB 176, November 18. The bill would enact the Gaseous Fuel Vehicle Conversion Program, allow a credit against the income or commercial activity tax for the purchase or conversion of an alternative fuel vehicle, reduce the amount of sales tax due on the purchase or lease of a qualifying electric vehicle by up to $500, apply the motor fuel tax to the distribution or sale of propane and compressed natural gas, authorize a temporary, partial motor fuel tax exemption for sales of propane and compressed natural gas used as motor fuel, and make an appropriation to fund the program.
The bill has already been approved by the House Ways and Means Committee and now goes to the Rules Committee where it will await a vote of the full House.
OPGA offered proponent testimony to the Committee prior to the vote.
On Nov.17 the House Commerce and Labor Committee adopted a Substitute version of HB 77, the contractor licensing bill, which contains a number of changes. The Substitute Bill continues to contain the following exemption:
(b) The sale of appliances such as stoves, refrigerators,freezers, room air conditioners, and other appliances that are designed for installation in, and are easily removable from, a residential building without material alteration of the residential building;
OPGA will continue to monitor this bill and would be happy to answer any questions you may have.
The unemployment compensation system in Ohio is broken. During the last recession, the state Unemployment Compensation Trust Fund became severely depleted and eventually insolvent. On December 31, 2008, the fund had less than enough money to pay one week of benefits, which necessitated borrowing from the federal government. Between then and 2014, Ohio borrowed a total of $3.4 billion. The failure to pay off this debt in a timely fashion has led to annual penalties on employers that increases the amount of federal unemployment tax (FUTA) they are required to pay.
If you’re a business, there’s a target on your back, or your data to be more precise. Cyber criminals have developed a lucrative, black market enterprise that will rival some major companies when it comes to valuing information that’s been hacked from legitimate sources.
Hardly a week goes by without a release about a high-profile cyber attack against a company. At a presentation entitled, “Hacked: The Realities of a Cyber Event” hosted by Travelers in Washington, D.C., recently, a panel of experts discussed the impact of cyber crime on small to medium-sized businesses. “One in two companies report being the target of a cyber attack,” stated Tim Francis, enterprise leader for cyber insurance for Travelers. “Sixty percent of attacks last year struck small to medium-sized businesses.” He said there are 34,529 known computer incidents each day and the goal for the bad guys is to “make money as easily as possible.”