The Ohio House passed a Tax Amnesty bill, offering taxpayers a chance to settle their delinquent state tax liabilities without penalties or interest.
Program Details
Running from January 1, 2021, to March 31, 2021, the Tax Amnesty program is open to individuals and businesses with qualifying tax
Qualifying Taxes and Fees in the Ohio Tax Amnesty Bill
The amnesty applies only to taxes that were due and payable as of the bill’s effective date and that were unreported or underreported. Qualifying taxes and fees do not include those in which a notice of assessment or audit has been issued. The taxes and fees covered under the amnesty include, but are not limited to, the following:
- Income Tax
- Commercial Activity Tax
- State Sales and Use Tax
- Local Sales and Use Tax
- School District Income taxes
- Public Utility Excise Tax
- Motor Fuel Excise Tax
Purpose and Response
The program is a response to provide tax relief as well as boost the state’s revenues caused by the pandemic.
Legislative Process for the Ohio Tax Amnesty Bill
Next, the Bill heads to the Ohio Senate, where it is anticipated to pass before being signed by the Governor.
Contact Information
Taxpayers interested in learning more about the this tax amnesty bill, can contact us here.