Jan. 12, 2011, Newark Advocate
BY JESSICA ALAIMO AND RUSS ZIMMER
CentralOhio.com
COLUMBUS — A bill was introduced Tuesday at the Statehouse to eliminate Ohio’s estate tax, also known ominously as “the death tax” by its detractors.
The state’s estate tax is the strictest in the nation, said state Rep. Jay Hottinger, R-Newark, one of the bill’s sponsors.
Although the federal government doesn’t tax estates worth less than $5 million, Ohio starts taxing estates at $338,000. This includes everything: cash assets, property, land and machinery.
Hottinger and state Rep. Cheryl Grossman, R-Grove City, rolled out a plan Tuesday to repeal the tax at a Statehouse news conference. Gov. John Kasich also supports the measure.
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