Ohio Supreme Court Defends Bank Tax | Cleveland News

Ohio’s Supreme Court just upheld a 13-year-old bank tax that rewards local banking activity, rejecting a $2.7M refund request from out-of-state Dollar Bank. The court ruled the tax is fair because it only applies to business done within Ohio, not profits earned elsewhere — and it’s legal under state economic development principles. This decision keeps Ohio’s incentive program alive, reinforcing its strategy to lure banking investment home. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b2fd66e6b8c15675