Where Form 843 Overpayment 2011-2023

Thanks for joining us this afternoon for an introduction to the Sanibel 263 house. Before we begin, I want to address the shocking news we recently discovered regarding the state of Ohio's tax policies. It seems that for many years, under various administrations, the state was holding onto taxpayer money without any valid reason. This goes against our principles of creating a business-friendly environment and promoting economic growth. As a legislature, we are excited to introduce these bills that will ensure taxpayer dollars are returned and that this practice is prevented from happening in the future. I would like to introduce Fisher Do Testa, who has been instrumental in addressing this issue. We were relieved to see Governor John Kasich take quick action to resolve this problem and prevent any further unnecessary taxation. We are grateful to the sponsors of these bills and the governor for their support in rectifying this issue, which has become a top priority for me as a commissioner. Our goal is simple - to treat business taxpayers in Ohio fairly, just as any individual would expect to be treated. If an overpayment occurs, it is only fair that the money be returned or used as a credit for future tax bills. For decades, the Department of Taxation remained silent about these overpayments, disregarding the burden it placed on businesses to rectify the situation. It is unacceptable that the law does not currently require the department to notify taxpayers of their overpayments or provide a straightforward process for them to claim their money. This needs to change. We have already made changes to the policies and procedures within the tax department to prioritize the taxpayers' interests. However, these bills will solidify and ensure the continuation of these improvements. Starting in 2012, we have already returned millions of dollars to...