Episode Details

Ohio’s top court just upheld its controversial bank tax system, rejecting a challenge from a Pennsylvania bank that claimed it unfairly discriminated against interstate commerce. The ruling preserves a revenue generator worth over $1.3 billion in the past six years, as the court found that banks are taxed only on equity tied to Ohio-based business — meaning out-of-state operations don’t trigger higher rates. Dollar Bank, seeking a $2.7 million refund, lost its bid, but the bigger win is for Ohio’s budget — this key tax remains intact and fully constitutional.

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