Bills Would Make Ohio Notify Businesses Of Tax Refunds

Law360, New York (January 16, 2014, 1:50 PM EST) -- Ohio Republicans introduced legislation on Tuesday that would require the state's tax regulator to notify businesses when they overpay taxes and provide refunds in the form of credits toward future taxes.

The proposal comes after the Ohio inspector general released a report finding that the state had wrongly withheld more than $30 million in business tax refunds dating back more than a decade. The report was issued following a 17-month review of the Ohio Department of Taxation.

Under the state's current law, overpayments may be refunded...
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