Ohio gov. signs casino bill, opposes tax deduction - Cincinnati News, FOX19-WXIX TV

Ohio gov. signs casino bill, opposes tax deduction

COLUMBUS, Ohio (AP) - Ohio Gov. Ted Strickland has signed a bill setting rules for four planned casinos, expressing his disappointment over a measure establishing an income tax deduction for gambling losses.

Strickland says the taxation department estimates the deduction would reduce the state's budget by $60 million to $80 million every two years starting in 2014. The deduction applies to losses at casinos, horse tracks, bingo halls and other sites in Ohio and out of state.

Strickland calls the measure fiscally irresponsible and it represents policy shift for a state that has "never before used its income tax laws to subsidize losses incurred from gambling."

 He says he did not have the authority to line-item veto the measure and will work to reverse it during budget discussions next year.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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