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

_______________________________________________________________

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)

Tags