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Building Demolition and Site Revitalization Program Guidelines Included in Amended Substitute House Bill 33, the state budget bill for State Fiscal Years (FY) 20242025, Ohio Revised Code (ORC) 122.6512
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Major tax changes refer to significant alterations in tax laws or regulations that can affect individuals or businesses, impacting tax rates, deductions, credits, and compliance requirements.
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Individuals, businesses, and organizations that are subject to the updated tax laws or regulations must file under major tax changes.
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The purpose of major tax changes is often to adjust fiscal policy, ensure fair taxation, simplify the tax code, stimulate economic growth, or address budgetary needs.
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Taxpayers must report income, deductions, credits, and any other changes required by the new tax regulations as part of major tax changes.
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