Warning: Tolling Provisions in HB 197 about to End

PDF/Printer Friendly Version As reported in a previous Buzz (Ohio Enacts Tax Related COVID-19 Legislation, April 6, 2020), HB 197 contained an uncodified provision that tolled statutes of limitation and other administrative time limitations under the Revised Code that are set to expire between March 9, 2020, and July 30, 2020.[1] As we arrive at July 30, 2020, businesses and individuals whose due dates for certain filings covered by the tolling provisions need to review those filings and determine the new due date under the tolling provision. Essentially, for a filing that was due between March 9, 2020, and July 30, 2020, the time for filing is frozen as of March 9, 2020 and restarts on July

Ohio Appeals Court Rules on First Amendment Challenge to Cincinnati Billboard Tax

PDF/Printer Friendly Version Executive Summary On June 18, 2020, Ohio’s First District Court of Appeals (Hamilton County) issued its decision in Lamar Advantage GP Company, LLC and Norton Outdoor Advertising, Inc. v. City of Cincinnati, Ohio, 1st Dist. Hamilton No. C-180675, 2020-Ohio-3377 (“Lamar”). On the surface, the decision is applicable to a small number of companies who rent out billboards in Cincinnati to advertisers, but it may have wider implications. In the decision, the Court of Appeals applied the Central Hudson test enunciated by the U.S. Supreme Court for regulating commercial speech under the First Amendment to Cincinnati’s excise tax on billboard rentals. Reversing the Hamil

To Lend is Human; To Forgive, Divine - SBA Issues Updated Application for PPP Loan Forgiveness

PDF/Printer Friendly Version The Small Business Administration (SBA) has released a new application form for forgiveness of loans received under the Paycheck Protection Program (PPP). As discussed in an earlier Buzz (Federal CARES Act, Tax and Loan Provisions for Business, 4/7/2020), the federal CARES Act established PPP as a program in which small businesses and non-profits could borrow money for certain costs and have those loans forgiven if the borrowed funds were used for specified expenses and certain conditions were met regarding payroll. PPP was set up under the Small Business Act (Title 15) and SBA was tasked with administering the program. The loans are made through traditional priv

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