Report: Ohio tax breaks worth $7.7B a year - WALB.com, Albany News, Weather, Sports

Report: Ohio tax breaks worth $7.7B a year

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Sharpton urges peaceful rally over chokehold death

    Sharpton urges peaceful rally over chokehold death

    Sharpton urges peaceful rally over chokehold death

    Saturday, August 23 2014 1:00 PM EDT2014-08-23 17:00:20 GMT
    The Rev. Al Sharpton urged marchers to remain nonviolent or go home Saturday ahead of a rally seeking justice in the death of an unarmed black man placed in a chokehold by a white police officer.More >>
    The Rev. Al Sharpton urged marchers to remain nonviolent or go home Saturday ahead of a rally seeking justice in the death of an unarmed black man placed in a chokehold by a white police officer.More >>
  • Gay bathhouses nationwide face uncertain future

    Gay bathhouses nationwide face uncertain future

    Gay bathhouses nationwide face uncertain future

    Saturday, August 23 2014 1:00 PM EDT2014-08-23 17:00:17 GMT
    (AP Photo/Damian Dovarganes). In this Wednesday, July 30, 2014 photo, the solar deck of the North Hollywood Spa is viewed in Los Angeles.(AP Photo/Damian Dovarganes). In this Wednesday, July 30, 2014 photo, the solar deck of the North Hollywood Spa is viewed in Los Angeles.
    Gay bathhouses that once remained in the shadows to stay in business are now seeking attention to keep their doors open.Some are doing aggressive online advertising and community outreach. More >>
    Gay bathhouses that once remained in the shadows to stay in business are now seeking attention to keep their doors open.Some are doing aggressive online advertising and community outreach. More >>
  • Update: Albany house fire intentionally set in living room

    Update: Albany house fire intentionally set in living room

    Update: Albany house fire intentionally set in living room

    Saturday, August 23 2014 12:57 PM EDT2014-08-23 16:57:32 GMT
    604 West Gordon Avenue House Fire604 West Gordon Avenue House Fire
    Albany Fire Department responded to a house fire Saturday morning on West Gordon Avenue.More >>
    Albany Fire Department responded to a house fire Saturday morning on West Gordon Avenue.More >>

COLUMBUS, Ohio (AP) - The state government budget debate in Ohio has focused fresh attention on tax breaks and loopholes granted to residents and businesses over the years.

The Columbus Dispatch (bit.ly/11rHuko) says some 130 tax deductions, credits and exemptions will be worth $7.7 billion next year. Projections put it at about $8 billion for 2015.

Some tax breaks have been in place for decades and could be scrutinized as lawmakers consider income tax cuts proposed by Gov. John Kasich (KAY'-sik).

The newspaper reported Sunday that closing tax exemptions could be difficult, given the efforts made to enact and keep them.

Each year, Ohio's single biggest tax break, around since 1935, is on the sale of manufacturing equipment. It will be worth about $1.8 billion next year.

 

Information from: The Columbus Dispatch, http://www.dispatch.com

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.