Ohio Supreme Court Halts State’s Attempt to Collect More Taxes from NASCAR

The Ohio Supreme Court ruled Tuesday morning that revenue earned by NASCAR from selling the rights to broadcast stock car races and merchandise to Ohio fans is not subject to state business taxes.

In a unanimous decision, the Supreme Court rejected the Ohio Tax Commissioner, Jeffrey McClain’s, order that NASCAR owes the state almost $550,000 for money earned from broadcasting races, online marketing, and sponsorship fees.

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Could Ohio’s CAT Tax Be Responsible for Record Number of New Business Filings?

  If Ohio is adding record numbers of new businesses as a top official recently announced, where are the jobs? Ohio Secretary of State Frank LaRose two weeks ago announced 11,920 new entities filed to do business in Ohio in October, allowing Ohio to reach 113,272 new businesses in the…

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