Ohio Returning $13 Million in Tax Overpayments to Businesses

Columbus Chamber
The Columbus Chamber provides connections, resources and solutions that help small businesses and Fortune 500 enterprises grow Central Ohio's economy.

New Policy WIll Tell Businesses When They are Eligible for a Refund

From a Governor’s Office Press Release

The Ohio Department of Taxation (ODT) is changing policy, procedures and systems to ensure that business taxpayers get refunds back when they overpay. While current Ohio law requires businesses to request a refund, it does not obligate the state to notify the taxpayer that a refund is available. In the past, if potential refunds go unclaimed the practice has been for the state to not notify the business and simply keep the money. Gov. John Kasich and Commissioner Joe Testa are changing this policy so businesses are automatically notified of tax overpayments. Similar policies are already in place for income tax filers.

Download the press release to read more.