Returning Tax Overpayments To Ohio Businesses
By Senator Scott Oelslager
February 25, 2014
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Keeping Ohio’s business climate competitive is essential to attracting and retaining jobs in Ohio.  This is why I co-sponsored Senate Bill 263, which supports businesses and families by making certain Ohioans are refunded their hard-earned dollars when they overpay their state taxes.
Currently, there is no law requiring the state to notify or refund a business when it has overpaid its state taxes. Under previous administrations, if a business didn’t report the error within a certain timeframe, they would simply forfeit their right to a refund and the money would be retained indefinitely by the state. This practice was not only unfair, it worked against all the work we are doing in the Statehouse to make Ohio an attractive place to start a business and hire new workers.
This bad practice was also the subject of a November 2013 report by the Ohio Inspector General, which detailed the millions of dollars that had been wrongfully withheld by the state over the course of many years.
When Governor John Kasich and Tax Commissioner Joe Testa identified this job-killing policy, they immediately reversed it and began to notify businesses of any overpayments they may have made so they could be reimbursed. Senate Bill 263 takes the Governor’s policy and makes it Ohio law so future administrations will be legally required to be fair with Ohio taxpayers.
Under Senate Bill 263, the Tax Commissioner will be empowered to refund any tax or fee that has been overpaid to the state. The Commissioner will also be directed to credit the overpayment back to the taxpayer, even if the taxpayer has not noticed the error or applied for a refund.
Quite simply, this is money that belongs in our state’s economy, not in our state’s treasury. We want businesses to be successful in the State of Ohio and treating them fairly and ensuring they keep the money that rightfully belongs to them is one clear way we can achieve that goal.
I look forward to working with the Ohio House of Representatives to see this bill become law so Ohio businesses will be protected for years to come.

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