OUR THOUGHTS ON:

Ohio Enacts Tax Amnesty Program

State and Local Tax

By Mark Rossetti

Ohio Governor John R. Kasich signed H.B. 153 into law on June 30, 2011, authorizing a tax amnesty program for various state and local taxes including sales and use taxes, corporate franchise tax, commercial activity tax (CAT), estate tax, motor fuel taxes, cigarette taxes, school district income taxes and tangible personal property taxes. Tax liabilities related to the tax types listed that were delinquent as of May 1, 2011 will qualify for the amnesty program.

During the program, if a taxpayer pays the full amount of outstanding tax liability owed and half of the accrued interest, all associated penalties and the remaining interest charges will be abated.

The tax amnesty program is slated to start on May 1, 2012 and conclude on June 15, 2012.

 © 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.

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© 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.

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