OH: Tax Carryover Amendment
May 31, 2022
The Senate Ways and Means Committee adopted an amendment to HB 515 to change the tax carryover calculation for sports gaming from day-to-day to month-to-month.
This was needed because of how bets would be taxed when accepted on a daily basis, then there was no possibility for a net loss carryover when successful bets are paid out.
The amendment corrects the current tax carryover provision in the sports wagering law that has been a concern to future operators in the that market. It is expected to work its way through the Senate this week and then hopefully to the House for concurrence as soon as next week.