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:

  • Jul 05, 2018

    OSCPA files second amicus brief to support muni tax reforms

    The Ohio Society of CPAs and other business groups on Monday filed an amicus brief detailing further arguments for the need for the centralized collection and administration of the municipal net profits tax.
  • Jul 05, 2018

    Fix to Form IT/SD 2210 a win for CPAs

    Gov. Kasich on June 29 signed House Bill 133 into law, making official an OSCPA-requested fix of an unclear tax policy that was costing businesses money.
  • Jul 05, 2018

    OBG Transition requires action by users

    The Ohio Business Gateway’s new platform went live on Monday, July 2. Those who did not pre-register need to do so soon to avoid filing delays.

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.