Client Alerts

New Ohio Tax Amnesty Program To Begin January 1, 2018

By: John C. Goheen and Frederick N. Widen

About: Tax

On June 30, 2017, Ohio’s 2018-2019 biennial budget legislation was signed into law by Ohio Governor John Kasich. Part of this budget bill is a temporary tax amnesty program that will begin on January 1, 2018 and end on February 15, 2018. For taxpayers with delinquent Ohio taxes who voluntarily come forward during this short amnesty period and pay the full amount of all taxes and one-half of the interest due, the state will waive all penalties and one-half of all interest otherwise due (and will not pursue any potential civil or criminal action).

Unreported or underreported Ohio taxes which were due and payable as of May 1, 2017 are eligible for this program. Both personal and business taxes are eligible. Eligible personal taxes include Ohio’s personal income tax and school district income tax. Eligible business taxes include Ohio’s commercial activity tax, state and local sales and use tax, financial institutions tax, and excise taxes for alcohol, tobacco and cigarettes.

This program only applies to taxpayers who voluntarily disclose and pay their delinquent Ohio taxes during the amnesty period. Taxpayers who have received a notice of assessment or are under audit/have been audited are not eligible for abatement under this program.

If you have delinquent Ohio taxes which are unreported or underreported, Ohio’s limited-time tax amnesty program is the best opportunity to come into compliance. Please contact your primary contact here at the firm or one of the lawyers listed as authors above to discuss whether you qualify for this program.