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:

  • Apr 04, 2019

    ODT reminder: Municipal net profit tax estimated payment deadline is April 15

    Taxpayers who have elected to have the Department of Taxation administer the municipal net profit tax for their companies must file declarations and make estimated payments directly via the Ohio Business Gateway.
  • Mar 28, 2019

    Register by April 1 to file municipal net profit tax

    Ohio businesses that have a taxable year that begins on February 1st, and want to file their 2019 municipal net profit tax with the Ohio Department of Taxation, must register on or before, April 1st on the Gateway.
  • Feb 28, 2019

    Ohio mulls gas tax hike

    The state's gas tax has remained at 28 cents per gallon since 2005, but legislators are discussing an 18-cent increase to address the condition of Ohio's roads and bridges.

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.