BUDGET PROPOSAL A few details



Some of the $2.9 billion in new taxes in the state's proposed two-year, $48.8 billion budget:
Increase the minimum tax that must be paid by businesses from $50 to $1,000. Applies to companies with $5 million in sales or 300 employees. Raises $3.9 million.
Phase out the reimbursement the state pays local communities for a tax exemption companies enjoy on the first $10,000 of the value of equipment they own. Raises $20.4 million.
Temporarily increase the state sales tax 1 percent. Raises $2.53 billion.
Extend sales tax to previously untaxed services, such as storage facilities, selected personal-care services including tanning and manicures, satellite TV, dry cleaning, delivery charges, taxis and vehicle towing. Raises $133 million.
Eliminate sales tax loopholes created for specific businesses. Raises $95.9 million.
Source: Ohio Department of Taxation