Clarification on Ohio State Tax Reform article in July/August Catalyst.

• Position: Correction Notice

In the last issue of Catalyst, it was incorrectly reported that Gov. Bob Taft vetoed the machinery and equipment grant that replaced the Ohio Investment Tax Credit struck down by the U.S. Supreme Court.

The governor only vetoed the portion of the bill that expanded the credit/grant for the purchase and installation of new manufacturing machinery and equipment to non-manufacturers. Because it could increase the number of grants and cost to the...