Mount Vernon News

By Mount Vernon News
January 31, 2014 1:15 pm EST


DANVILLE — The Danville school board, at its January meeting, voted to place the renewal of the school income tax levy on the May ballot, and some questions have arisen as to what that actually entails. Briefly stated, income that has been taxed in the past would continue to be taxed once the issue is renewed.

Treasurer Mary Payne said Danville’s school income tax uses the same income base as the state’s income tax. A simple way to determine taxable income using this base is to look at line 5 of the state return.

Line 5, she explained, is federal adjusted gross income (taken from the front page of the federal return) plus or minus Ohio adjustments to income and minus personal exemptions. Adjustments are made on the state return because not all types of income that are taxed by the federal government are taxed by the state. For example, Ohio allows the deduction of all social security benefits while the federal government does not.

For the rest of the story

The rest of this article is available to Mount Vernon News subscribers. To continue reading, please log in or purchase a subscription. Click here for the January 31, 2014 e-edition. The article will only be available for thirty (30) days.




Contact Pamela Schehl

Rules: Please keep your comments smart and civil. Don’t attack other commenters personally and keep your language decent. If a comment violates our comments standards, click the “X” in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.