
Ohio data center tax break cost $1 billion more than expected in 2025
>Ohio’s biggest tax break for data centers is more expensive than once thought. A lot more expensive.
>In 2024, the state sales tax exemption for data centers cost Ohio about $555 million in revenue, four times more than the state Department of Taxation forecasted.
>In 2025, it cost a whopping $1.6 billion, eleven times more than the original estimate of $136 million
>And that’s to say nothing of the local sales taxes – another $166.8 million in lost revenue in 2024, according to new actual cost data provided this week by Ohio Department of Taxation spokesperson Andrea Lannom.
Oooooops.
I have a friend who once received more in food stamps than she was supposed to, because someone miscalculated. She didn't try to mislead anyone about anything--some Ohio employee just did bad math.
Ohio came after my friend with a vengeance.
Let's see what they do with these miscalculations. I, for one, doubt they will do anything other than offer more tax breaks...