Written testimony of SIFMA Managing Director and Associate General Counsel Marin Gibson before the House Finance & Appropriations Committee on HB 59. SIFMA does not believe the expansion of sales tax to services and certain intangibles included in HB 59 will compliment policies that support business growth and job creation. SIFMA believes that enactment of this legislation would create a competitive disadvantage for Ohio businesses and will likely lead to decreased business activity and decreased employment in Ohio.