OHIO SENATE GRANTS SALES TAX BREAK TO RACING TEAMS

          IndyCar race driver Bobby Rahal "will save hundreds of
     thousands of dollars in taxes" following an OH Senate
     amendment exempting pro racing teams that have at least 20
     employees from the sales tax for vehicles and parts
     purchased by teams, according to Willard & Oplinger in the
     AKRON BEACON JOURNAL.  The tax break in the Senate version
     of the state's $36.2B two-year budget was written so only
     two racing teams in OH would qualify: Rahal's Team Rahal and
     Tasman Motorsports.  A Legislative Budget Office analysis
     showed the exemption would reduce state tax revenue by
     $400,000-500,000 annually on purchases of $8M-10M by the two
     racing teams.  State Sen. Doug White said that other states
     exempt large racing teams from sales taxes, and Rahal was
     considering moving his team out of the state if he did not
     receive a similar break (AKRON BEACON JOURNAL, 5/30).