Municipal Tax Reform

House Bill 5 becomes law!

Ohio’s municipal income tax system has long been an area of frustration and burden for Ohio's business community. OSCPA’s top legislative priority for years has been achieving meaningful, common sense reforms. House Bill 5 helped make that goal a reality.

HB_5_Signing
Gov. Kasich signs House Bill 5 into law on Dec. 19, 2014 surrounded by OSCPA staff and other supporters.
 

The passage of House Bill 5 is a great example of CPA leadership in action and demonstrates the power of what a strong and unified voice for the profession can do. Thank you for your support, steadfastness and staying the course during the past four years.  

OSCPA prepared a summary of the key provisions as a benefit to members and the business community. 

We also deeply appreciate the legislators who supported the interests of CPAs and the Ohio business community – especially Reps. Cheryl Grossman, R-Grove City, and Mike Henne, R-Clayton and Sen. Bob Peterson, R-Sabina. They devoted countless hours to crafting a bill that significantly improves Ohio’s municipal tax system yet also considers the needs of our communities.  

To help drive this change, OSCPA organized the Municipal Tax Reform Coalition, a partnership of 33 organizations in Ohio driving reform of Ohio’s municipal income tax code. Together, they represent a large share of the business and individual taxpayers who are the lifeblood of Ohio’s economy and are impacted most by the current structure.

OSCPA has testified repeatedly that the Ohio municipal tax system is overly burdensome for taxpayers, and that change is sorely needed. 

Gov. Kasich signed the bill into law on Dec. 19, 2014. The effective date for most provisions is Jan. 1, 2016. 

Contact the Governmental Affairs team for more information on this and other legislative priorities:

 

   

Latest news on municipal income tax reform:

  • Jun 25, 2015

    CPA in Wynne case: Legal questions are just starting

    The U.S. Supreme Court’s ruling last month in Maryland’s income tax case is raising as many questions as it answered, and nowhere more than in Ohio, said a CPA involved in the case.
  • Jun 25, 2015

    OSCPA takes home Power of A Gold Award for muni tax reform

    OSCPA’s effort to reform municipal income tax is a noteworthy achievement for the greater public good, according to the American Society of Association Executives.
  • May 28, 2015

    Court decisions impact Ohio muni tax law

    Ohio’s new municipal income tax law is in place and ready to make life easier for taxpayers starting next year, but court decisions continue to make an impact on the law. A Society member with connections to two of those cases discusses them with us in the latest episode of OSCPA Spotlight.

Learn how the changes impact you

OSCPA's On-Demand course Municipal Tax Update: Am. Sub. HB 5 covers key provisions of the new law, including:

  • NOL carryovers
  • The 20 Day Occasional Entrant Rule
  • Changes impacting compliance.

Register now
 

HB 5 Summary Details

OSCPA prepared a summary of the key provisions as a benefit to members and the business community.