For the first time in five years, Ohio may initiate a Tax Amnesty program for taxpayers to resolve delinquent tax obligations. Under a bill signed by Governor DeWine in January 2023, the Director of Budget and Management can determine that a tax amnesty program would...
Articles
New Ohio Postnuptial Agreements and Estate Planning
For more than 130 years, Ohio has strictly prohibited postnuptial agreements and spouses were not able to enter into agreements with each other that altered their spousal rights. Additionally, Ohio has restricted amendments and termination of prenuptial agreements....
Major Shift in Ohio Law Now Permits Postnuptial Agreements
In a major shift in Ohio law, Ohio spouses are now legally permitted to enter into postnuptial agreements as of March 23, 2023. After a long history (more than 130 years) of rejecting postnuptial agreements, Ohio joins 48 other states in allowing parties, after...
New NCAA President Marks Change from Long Line of Predecessors in College Administration
On March 1, 2023, the NCAA officially welcomed its ninth president, Charlie Baker. The 66-year-old former governor of Massachusetts and private-sector CEO breaks the typical mold of college administrators at the helm of the organization, leaving commentators...
Ohio Changes Community Reinvestment Area Exemptions
Ohio Senate Bill 33 (S.B. 33), which makes significant changes to Ohio’s laws regulating Community Reinvestment Area (CRA) incentives, goes into effect April 3, 2023. Introduced in early 2021, S.B. 33 aggressively expands the availability of CRAs, the benefits they...
U.S. Supreme Court Hears Challenge to EPA’s Authority to Regulate Wetland
The Clean Water Act (CWA) and the Environmental Protection Agency (EPA) are no strangers to controversy and legal challenges. As KJK has previously written on, Section 401 of the CWA, which focuses on curbing the discharge of pollutants into U.S. navigable waters or...
U.S. Supreme Court Revisits “Salary Basis” Test Required Under FLSA Overtime and Redefines “Paid on a Weekly Basis”
Employers often assume that a highly compensated supervisory employee will not be entitled to overtime pay when the employee works more than 40 hours in a work week. That assumption proved to be incorrect in a recent U.S. Supreme Court decision. The Case of Helix...
Maximizing What You Already Do: The Value of the Research and Development Tax Credit for Startups and Small Businesses
The Research and Development Tax Credit, formally known as the Credit for Increasing Research Activities under Section 41 of the Internal Revenue Code, has been in existence for many years to encourage companies to conduct research and development for further...
Will the U.S. Ban TikTok? New Legislation That Could Impact Your Data Privacy
A new bill was introduced last week that would ban TikTok and other foreign technology. The bipartisan bill would provide the federal government with the authority to restrict or ban the Chinese-owned video app TikTok, along with technologies produced in six different...
Ohio’s Property Tax Exemptions: Do 501(c)(3) Non-Profit Organizations Still Need to Pay Taxes on Their Real Property?
Ohio provides for property tax exemptions for real property held by 501(c)(3) non-profit organizations. However, the exemption is not automatic. The exemption generally applies to real property owned by a qualifying 501(c)(3) non-profit business, provided that there...