Zaino Hall & Farrin LLC

41 South High Street, Suite 3600
Columbus, Ohio 43215

614-326-1120

855-770-1120 (toll free)

Fax: (614) 754-6368

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Municipal Tax Reform Becomes Law!

December 20, 2014

After more than three years of effort, the Ohio Municipal Income Tax Reform bill, Am. Sub. H.B. 5 ("Am. Sub. H.B. 5" or "the Act") was signed into law by Governor John Kasich. The Act applies to taxable years beginning on or after January 1, 2016. The Act was sponsored by Rep. Cheryl Grossman and Rep. Michael Henne, and was strongly supported by the Municipal Tax Reform Coalition, a coalition of 33 business associations, led by The Ohio Society of CPAs, the Ohio Chamber of Commerce, and the National Federation of Independent Business-Ohio.

 

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