All Eyes on Ohio

No, we're not talking about a vote recount for the recent Presidential Election. This time the issue is what the courts will ultimately say about the state's use of tax credit programs.

THE RULING: A federal court says an Ohio tax break for companies that buy new equipment or machinery unfairly rewards businesses for investments because it doesn't offer a similar tax credit if the same company invests elsewhere.

POSSIBLE IMPACT: Economic development officials in 40 states use tax credits to create jobs by luring companies to their states or encouraging them to expand.

WINNERS AND LOSERS: Tax breaks give states a way to attract companies and jobs. They help companies lower their costs. But critics say the money lost to corporate coffers could be used to lower taxes for all residents or businesses in a state, or go toward social programs.