This week the Tax Expenditure Review Committee released its long awaited report. The report did not recommend eliminating any of the expenditures it heard testimony about over the previous year. Instead the committee laid out a schedule to review remaining expenditures over the next several General Assemblies.
The OMA had testified to the committee about the importance of the manufacturing sales and use tax exemption for Ohio’s manufacturing competitiveness.
The committee wisely decided to leave the manufacturing sales and use tax exemption intact in Ohio’s tax laws. 11/15/2018