In the wake of a revised study revealing that about 59% of the companies in Ohio that received tax breaks to create jobs actually created the number they said they would (see the March 5, 2012, blog post), as well as the fact that the state foregoes approximately $7 billion of tax revenues a year, Rep. Denise Driehaus (D-Cincinnati) has introduced HB 446, which would "set up a panel to regularly review each tax break and recommend which ones should continue," according to The Cincinnati Enquirer. As cities across Ohio struggle to reduce deficits and manage significant budget cuts, more attention is being paid to whether specific tax programs still serve their originally intended purposes, the article said. For more, read the text of the bill here and the full story here.
Proposed bill would require tax breaks in Ohio to be reviewed regularly
