1/18/17 – 5:21 A.M.
People and businesses in Findlay who deffer quarterly tax estimates paid a little more than $1 million in taxes last year. The Courier reports Findlay City Council heard the first report on the deferment practice during Tuesday’s meeting. In December council passed legislation requiring monthly reports on deferments. The reports include all money collected each month, along with year-to-year comparisons of employer withholdings.
The city gave 54 businesses and two people permission to deffer payments in 2016.
Auditor Jim Staschiak says the payment total is likely more than what was in the report. He says the new report depends on estimated declarations. Staschiak says if a person or business doesn’t file the declaration, it’s up to the tax administrator to decide to include the information.
Last night’s report was the first issued since council passed legislation in December that requires monthly reports on the deferment practice. In 2009 council passed a measure that allows some people and businesses to defer paying quarterly estimates. The goal of the legislation is to cut down on the amount of tax refunds the city has to pay.
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