Business Taxes Spared as Budget Passes, Municipal Tax Payment Option Added


The General Assembly removed almost all of the governor’s budget tax proposals in the version of House Bill 49 that was returned to his desk. Instead of additional personal income tax reductions and increases to several other taxes including the sales tax, the legislature, working with a bleak tax revenue forecast, opted for the tax status quo. However, the General Assembly did work with the OMA and governor’s office to allow for optional centralized business income tax filings at the municipal level and the elimination of the throw-back rule. Businesses will now have the option of filing one municipal income tax form through the Ohio Business Gateway, instead of filing returns in all the municipal corporations in which a business operates. 6/29/2017