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OH HB345
Bill
Status
Introduced
11/12/2013
Primary Sponsor
Nick Barborak
Click for details
AI Summary
- Requires the Director of Development Services to estimate total state revenue foregone for each tax incentive proposed to the Tax Credit Authority
- Revenue estimates must be based on monetary value of the tax incentive, not on potential economic growth
- Director must publish estimates in a searchable database on the Development Services Agency website at least three days before the Tax Credit Authority votes on the proposed incentive
- Published information must include the revenue estimate, taxpayer name, and taxpayer address
- Director must update estimates within seven days if the Tax Credit Authority approves an incentive different from what was proposed
Legislative Description
To require the Director of Development Services to estimate the revenue that would be foregone by the state as a result of each tax incentive proposed to the Tax Credit Authority and publish that estimate on the web site of the Development Services Agency.
Tax incentives-estimate foregone revenue
Last Action
To Ways and Means
11/12/2013
Full Bill Text
No bill text available