Jackson Center

Shelby County

http://www.jacksoncenter.com

Recent Tax and Credit History

From Date Thru Date Tax Rate Credit Factor
(Tax Credit)
Credit Rate
(Credit Limit)
01/01/2011 current 1.500 % 100.000 % 1.500 %

* History displayed for the past 7 years.

Special Notes and Tax Documents

RULES & REGULATIONS
TAX ORDINANCE
2106 BUSINESS EXPENSES
2106 Business Expenses are limited to the amount deductible for federal tax purposes.
AGE EXEMPTION
Individuals under 16 years of age are exempt from paying municipal income tax.
BALANCE DUE/OVERPAYMENT INFORMATION
Amounts under $10.01 will not be collected or refunded.  The $10.01 de minimis threshold does not apply to amounts required to be withheld by employers. 
ESTIMATED PAYMENT REQUIREMENTS
Quarterly payments of estimated tax are required if the anticipated amount due is $200 or more.
LOTTERY/GAMBLING WINNINGS
Lottery and gambling winnings are taxable - no minimum. Gambling losses may not offset gambling winnings unless the taxpayer is a professional gambler per IRS regulations.
NET OPERATING LOSS
Beginning with losses incurred in 2017, a net operating loss may be carried forward for 5 years. For losses incurred in tax years 2017, 2018, 2019, 2020 and 2021, only 50% of the carried forward loss may be deducted in each subsequent year. For pre-2017 losses see Special Notes For Tax Years 2015 and Prior.
S-CORPS
The Ohio S-Corp distributive shares are taxable and should be reported on Form 37.
WITHHOLDING FILING FREQUENCY
If withholding amount is $2,400 or more in the immediately preceding calendar year or more than $200 in any one month of the preceding calendar quarter, file monthly - due date is the 15th day of the following month. All employers not required to file monthly, file quarterly - due date is the last day of the month following the end of the quarter. 
RULES & REGULATIONS
TAX ORDINANCE
2106 BUSINESS EXPENSES
2106 Business Expenses are limited to the amount deductible for federal tax purposes.
3903 MOVING EXPENSES
3903 Moving Expenses are allowed.
ADDITIONAL RULES-INDIVIDUAL
Residents may take credit for county income tax paid on the same wages taxable in Jackson Center.
AGE EXEMPTION
Individuals under 16 years of age are exempt from paying municipal income tax.
BALANCE DUE/OVERPAYMENT INFORMATION
Amounts of less than $1 will not be collected or refunded.
ESTIMATED PAYMENT REQUIREMENTS
Quarterly payments of estimated tax must be made if the anticipated amount is over $100.
LOTTERY/GAMBLING WINNINGS
Lottery/Gambling winnings are taxable - no minimum.
NET OPERATING LOSS
A net operating loss may be carried forward for 5 years.
RENTAL INCOME
Rental income is taxable regardless of the total gross rental received.
S-CORPS
The Ohio S-Corp distributive shares are taxable and should be reported on Form 37 Schedule J.
WITHHOLDING FILING FREQUENCY
1) If withholding amount per month is $100 or more, file monthly - due on or before the 20th day of the following month. Otherwise, file quarterly - due on or before the last day of the month following the close of the calendar quarter. 2) Taxes must be withheld on employee's 16 years of age and older.