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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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