A change in income tax law for working from residence in Ohio would create a company “nightmare” and harm cities

0
40
dayton-daily-news logo

“Using a temporary pandemic to justify changes to a long-term tax structure would unfairly punish cities that have long supported Ohio’s economic competitiveness and make investment decisions based on the expectation of that structure’s existence,” the GOPC wrote in a Thursday published letter.

ExploreRELATED: City Administrator: Company Leaving Kettering Amid COVID-19 With $ 120M Payroll

Handing over those bills could cost Ohio’s six largest cities – including Cincinnati, Cleveland, Columbus, and Dayton – $ 306 million annually, according to GPOC.

Last week, Synchrony Financial, one of Kettering’s largest employers, announced that when the lease expires on December 31, the company will move out of the Kettering Business Park and let all employees work from home.

ExploreWork from home forever? Offices that are likely to develop but won’t go away after a pandemic

Based in Stamford, Conn, the company is expected to have a material adverse impact on its income tax base in Kettering, which will lose more than $ 2 million annually.

Dubbing officials said the company has a large number of jobs in Ohio.

ExplorePOPULAR: Work-from-home plan from companies with nearly 1,900 Kettering jobs that are expected to hit the city hard