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Ohio Supreme Court Defends Bank Tax | Cleveland News
Description
Ohio’s Supreme Court just upheld a 13-year-old bank tax that rewards local banking activity, rejecting a $2.7M refund request from out-of-state Dollar Bank. The court ruled the tax is fair because it only applies to business done within Ohio, not profits earned elsewhere — and it’s legal under state economic development principles. This decision keeps Ohio’s incentive program alive, reinforcing its strategy to lure banking investment home.
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