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Gov. Ted Strickland signed the new bill that establishes the casino control commission into law but there is one major provision he's not happy about. It's the part of the new law that would allow Ohioans who've won and lost bets at casinos and other places of chance to take deductions for those losses on their state income tax returns starting in the 2013 tax year. Tax Commissioner Richard Levin says this represents a shift in the state's income tax policy that has him and others concerned. He says Ohioans are not allowed to take off money they give to charities or their mortgage interest.
To be clear, Ohioans who lose money on gambling can already file their losses on their federal returns. Gov. Strickland says if this law is allowed to stand, the state will begin losing $60 million to $80 million every two years starting in the year 2014 when Ohioans file their 2013 returns. |
