Municipal Tax Reform Becomes Law!
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.