Dayton Daily News...
Estate
tax repeal to cost cities
millions
Area cities took in about $18M from
the tax, which would end Jan. 1
By Lynn Husley
June
29, 2011
Repeal
of Ohio’s estate tax is
virtually certain today, leaving local government officials wondering
how to
replace the money, while critics of the tax are elated.
In
2010, cities, villages and
townships in Montgomery, Greene, Warren and Miami counties received
nearly $18
million from the estate tax, which would end Jan. 1, 2013, under the
state
budget approved by the Ohio Senate on Tuesday. It is expected to be
approved by
the House today.
The
biggest loser locally will be
Kettering, which in 2010 received $3.2 million from the tax. The city
uses the
money to help pay for fixing roads .
“Capital
improvements touch all our
residents, taxpayers and visitors on a daily basis,” said City Manager
Mark
Schweiterman.
Repeal
proponents said the estate tax
is unfair to the wealthy and taxes income that has previously been
taxed.
“I’d
like to see the state estate tax
go the way of the dodo,” said Rob Scott, president of the Dayton Tea
Party.
“It’s the state sticking their nose in something they’ve already got a
taste
of, and they shouldn’t have a second bite of an apple.”
Read
it at the Dayton Daily News
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