Match the statement on the left with the tax/fund/exemption on the right.

Reaching age 65 by December 31st in the year of application or being permanently and totally disabled, regardless of age on January 1st in the year of application.

For 2020, an Ohio Adjusted Gross income not exceeding $33,600 in the preceding year. -

Be 65 years of age, or turn 65, by December 31 of the year for which they app Have a total income (for both the applicant and the applicant's spouse) that does not exceed the current maximum allowed of $33,600 for the 2020 application period. 

- This tax has been repealed, effective Jan 1, 2013. Residual revenue is still being reported. Refunds are expected to continue for the next several years. 

- This tax is applied at a rate of $1.60 per unit effective July 1, 2015. The tax is paid primarily by wholesale dealers through the purchase of tax stamps.

 - The reporting deadline for all companies, with the exception of Life Insurance companies, is November 1. The report must include a listing of amounts in savings accounts, checking accounts, broker accounts, etc. for which the owners have most likely forgotten about or are unaware of. 

- The revenue from this Ohio tax is distributed: 

1) 51% to all 88 counties based on population, 

2) 34% to all 88 counties in proportion to such counties’ respective public school district populations. The remaining 15% is distributed five ways to various cities/funds. - This 28 cents per unit tax is five separate taxes, and the revenues are used for payment of highway obligations, costs for construction, reconstruction, maintenance and repair of public highways and bridges and other statutory highway purposes, the expense of state enforcement of traffic laws, and expenditures authorized for hospitalization. 

A. Motor Vehicle Fuel and Use Tax 

B. Public Utility Excise Tax 

C. Cigarette and Other Tobacco Products Tax 

D. Franklin County Homestead Exemption 

E. Gross Casino Revenue Tax 

F. Ohio Unclaimed Funds 

G. Delaware County Homestead Exemption 

H. Ohio Estate Tax

Answer rating: 100% (QA)

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