Municipal Bankruptcy in Ohio - Threshold Eligibility Requirements under the Bankruptcy Code and Ohio Law
Municipal income tax revenue is critical to a city’s budget. In Ohio, the collection of municipal income tax is generally based upon where the employee works rather than where the employee lives. However, with the Covid-19 pandemic, thousands of Ohioans are working from home. Accordingly, House Bill 197 (adopted March 27, 2020) provides that municipal income tax revenue will continue to go to the City where the employee’s empty office is located.