House Bill 5

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. House Bill 5, signed into law Dec. 19, 2014, is a great example of CPA leadership in action and demonstrates the power of a strong and unified voice for the profession.

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

OSCPA led these efforts, working with the Municipal Tax Reform Coalition, a partnership of 30+ 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.

Since 2014, OSCPA has continued to work for additional fixes to the most complicated municipal tax structure in the nation.
 
Read a summary of key H.B. 5 provisions. Most were effective Jan. 1, 2016.

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

 

   

Latest news on municipal income tax reform:

  • Mar 08, 2018

    Centralized filing registrations gain momentum as March begins

    A flurry of registrations last week raised the number of businesses opting in to centralized filing of municipal net profits taxes to more than 2,000 – and still counting.
  • Mar 02, 2018

    Centralized filing registration continues

    The deadline has passed for businesses with a calendar year-end to opt in for centralized filing of municipal net profits taxes for the 2018 tax year. However, it continues for future years, as well as for businesses with other fiscal years.
  • Mar 01, 2018

    Reminder: Muni tax deadline is March 1

    Today is the deadline for businesses with a calendar year-end to opt in and notify the cities in which they operate if they plan to centrally file municipal net profits taxes for the 2018 tax year.

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.