House passes tax code corrections bill

The Ohio House on Oct. 30 unanimously passed an OSCPA-supported bill to correct errors in the Ohio tax code.

Co-sponsor Jena Powell, R-Arcanum, said HB197 is “not flashy” but corrects more than 100 errors in the tax code that accumulated over many years. She noted the support of OSCPA and other business groups.

“When we remove grammatical errors and nonexistent references to sections, we make life easier for accountants and businesses that must comply with the Ohio Revised Code,” Powell said.

In testimony submitted recently to the House Ways & Means Committee, The Ohio Society of CPAs wrote that the bill is a “purely technical” fix to bring clarity to the tax code.

“The Legislative Service Commission has identified approximately 125 tax provisions that include obsolete sections, typographical errors, and incorrect or non-existent cross-references,” OSCPA wrote. “… The positive impact of H.B. 197 will be felt by taxpayers throughout our great state in terms of simplifying the tax code and bringing stability to how those provisions are enforced.”

The bill now goes to the Ohio Senate for its consideration.

Read OSCPA’s testimony in its entirety.

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