Ohio’s tax expenditure report examines credits, deductions and exemptions in the tax code that reduce the amount of revenue the state would otherwise receive. This year’s report, prepared by the Ohio Department of Taxation, estimated that in both Fiscal Years 2010 and 2011, 122 such exemptions and credits amounted to more than $7 billion in foregone revenue to the state’s General Revenue Fund. As it struggles to approve a biennial budget, the Ohio General Assembly should closely examine the report, and limit or eliminate unnecessary credits and exemptions.

Policy Matters Ohio presents some highlights of the report in this June 2009 brief. Earlier Policy Matters reports provide additional information on tax breaks in Ohio and how to limit them.

Press Release

Executive Summary

Full Report

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The 2009 Tax Expenditure Report (Click on Book Two, Complete Tax Expenditure Report)

Limiting Loopholes:  A Dozen Tax Breaks Ohio Can Do Without (September 2008)

Exempt from Scrunty:  Tax Breaks in Ohio (February 2007)

The energy bill debate has reached a critical moment. We applaud the committee members who recognize that a well-crafted energy bill will help reestablish American economic competitiveness, curb climate change, and move us toward energy independence. While some members have legitimate questions about the economic rewards that this groundbreaking legislation will bring to their states, your entire committee is united in the belief that what our country needs now is good American jobs. This bill holds enormous potential for job creation if we use the right key to unlock it. That key is investing in domestic clean energy manufacturing. …

Full Letter

If you knew of a program that could save more than three dollars for every dollar it spent, keep some of Ohio’s most vulnerable boys in school, reduce educational disparities and increase urban graduation rates, would you eliminate its funding or expand it? That’s the question facing Ohio policymakers this week, as we release this report documenting the costs and benefits of Ohio’s Initiative on Increasing the Graduation Rate.

Executive Summary

Full Report

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Career Explanations

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