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.