Ohio's Proposed New Tax Reform Initiative

"When judges declare a state's tax incentives program unconstitutional, there's really only one way for a state to fight back: Rewrite the tax law.

That's exactly what Ohio Gov. Robert Taft is doing, as he seeks to reverse manufacturing job losses and transform the Buckeye State into a globally competitive location for 21st century manufacturing plants.

Coming on the heels of the controversial Cuno v. DaimlerChrysler ruling by the U.S. Court of Appeals for the Sixth Circuit — which struck down Ohio's franchise tax credit for qualifying employers — Taft's bold tax reform package has been called the most sweeping in state history."

Source: Site Selection, May 2005