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:

  • Oct 18, 2018

    Wayfair decision looms large

    A recent Supreme Court decision has kept online retailers and states on their toes.
  • Oct 11, 2018

    Muni tax policy’s day in court is Oct. 17

    Ohio’s 10th District Court of Appeals is set to hear arguments next week in appeals filed by cities looking to block centralized collection of municipal net profits taxes.
  • Sep 27, 2018

    Reminder: Next muni tax deadline is Oct. 1

    Ohio businesses with a taxable year that begins on Aug. 1 and that want to file their 2019 municipal net profit tax return with the Ohio Department of Taxation must register by midnight, Oct. 1.

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.