From Ohio Advertising Tax Coalition
National media and advertising law expert, James H. Davidson
, told an Ohio House Committee that a new sales tax on advertising would be unfair and extremely harmful to businesses, media, and consumers in the State of Ohio.
Davidson, Shareholder in the Polsinelli D.C. office, testified on behalf of the Ohio Advertising Tax Coalition in opposition to an ad tax included in House Bill 59. He cited a study by IHS Global Insight, a world-recognized economic consulting firm, using a model of the U.S. economy developed by Dr. Lawrence Klein, Nobel Laureate in Economics.
"The study shows that advertising expenditures contributed $198.5 billion of total economic activity in the state of Ohio, and helps support 15.2 percent of the 5.2 million jobs in Ohio,"said Davidson.
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