Ohio State Tax Blog

Current developments, commentary and helpful resources regarding Ohio state and multistate taxes from attorneys Steven A. Dimengo and Richard Fry. We concentrate on all aspects of Ohio state taxation, including sales/use tax, income tax and commercial activity tax, from audits to appeals before the Ohio Board of Tax Appeals and Ohio Supreme Court, and have significant experience in multistate tax planning. Contact us.

Home Archives Ohio State Tax News Governor Kasich signs historic Ohio Budget Bill
Governor Kasich signs historic Ohio Budget Bill PDF Print E-mail
Friday, 01 July 2011 20:05

Late Thursday night, Governor John Kasich signed the Ohio Budget Bill (Am. Sub. H.B. 153) setting forth the state’s nearly $56 billion budget for the next two fiscal years. As expected, the bill included two significant provisions with respect to Ohio consumer use tax. First, Section 757.42 of the bill requires the Tax Commissioner to establish the Use Tax Amnesty Program allowing unregistered consumers to resolve their Ohio consumer use tax liability by paying the taxes owed from January 1, 2009 forward. Consumers registered to pay use tax prior to June 1, 2011 may take advantage of this program as well, but they may be required to pay interest and penalties. This amnesty program is more fully described in our post earlier this week. Additionally, the bill amends Section 5703.58(B) of the Revised Code to prohibit the issuance of a consumer use tax assessment for taxes owed prior to January 1, 2008, in all cases, even if the company is currently being audited. As both provisions are effective ninety days after the bill is filed with the Secretary of State, these protections are contingent on the Department of Taxation not issuing an assessment against the particular taxpayer prior to approximately September 29, 2011.

 

Also on the tax front, the Budget Bill eliminated the Ohio Estate Tax starting in 2013.

 

We will be provide further information and planning ideas with respect to these developments and other changes to Ohio state taxes contained in the Budget Bill in the near future, including details on the General Amnesty Program contained in Section 757.40 of the bill applicable to all Ohio taxes.

Last Updated on Tuesday, 12 July 2011 16:20
 
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Ohio State Tax Attorney, Steven A. Dimengo

Steve Dimengo is recognized as one of the leading tax attorneys in Ohio, where he has been serving clients for over twenty-five years. Full Profile. Cases. Email.

 

Ohio State Tax Attorney, Richard B. Fry III

Richard Fry is an Associate focusing on business law, specifically taxation. He holds a J.D. and Masters of Taxation from the University of Akron. Full Profile. Email.

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Steve will be speaking at the Lorman Sales and Use Tax in Ohio Seminar to be held in Akron on January 21, 2014.  He will be discussing Manufacturing Exemptions, Transfer of Business and Personal Liability for Sales tax.  Click here to see more (and register).

 

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