Ohio to disclose estimated value of tax credits

COLUMBUS, Ohio (AP) — Ohio's development agency says it will now provide the estimated value of state tax credits for businesses following concerns from Gov. John Kasich (KAY'-sik) that the information be publicly available.

The Development Services Agency's reversal comes after it said it recently began encouraging reporters to calculate the potential value of the credits on their own, rather than providing them with the estimate as it had previously done.

The estimates are for future tax credits that new or expanding businesses receive based on performance. They show the credits' potential value. Public information is used to calculate the figure, under terms agreed to by the Tax Credit Authority.

Spokeswoman Lyn Tolan said the agency believed it provided the tools for people to make the estimates, but it will provide calculations upon request.

©2016 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.