Ohio Gov. John Kasich is calling for a tax break for investors who push money into companies that are based in the state.
Details of the proposal, which Kasich delivered to a conference committee that’s reconciling differences in budgets passed by the House and Senate, were scant, according to the Columbus Dispatch.
Here’s how Kasich described the proposal: “If you are an Ohioan and you invest in an Ohio company … and hold that investment for two years, you will pay no tax on the gain.”
The proposal also includes a tax credit for investors who sell stock and reinvest that gain in an Ohio company, as long as they hold shares in the Ohio company for two years.
To read the full, original article click on this link: Kasich floats new Ohio investor tax credit plan