OUR THOUGHTS ON:

Ohio Enacts Consumer's Use Tax Amnesty Provisions

State and Local Tax

By Mark Rossetti

Ohio Governor John R. Kasich signed H.B. 153 into law on June 30, 2011, enacting legislation to introduce a consumer use tax amnesty program that will run from October 1, 2011 through May 1, 2013.

During the program, if a consumer registers and pays the full amount of outstanding use tax liability incurred on or after January 1, 2009, the Commissioner will waive or abate all delinquent use tax owed by the consumer prior to January 1, 2009.

Consumers who do not participate in the use tax amnesty program may be audited and assessed for all delinquent use tax due on or after January 1, 2008, plus all applicable penalties and interest.

The Tax Commissioner will not waive any interest or penalties due on use tax paid as allowed under the amnesty program by a consumer who registered with the Commissioner for the use tax on or before June 1, 2011.

The statutory policy on assessing prior periods was amended to decouple use tax from the other Ohio tax types. Unlike the ten-year look-back for other taxes, the new policy for use tax is to only assess persons prior to the expiration of seven years from the date the return was due (unless extended due to any lawful stay).

© 2011 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person any tax-related matter.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

comments