Ohio Gov. John R. Kasich signed a budget bill that authorizes a tax amnesty program for certain delinquent state and local taxes, including sales and use taxes, corporate franchise tax, commercial activity tax, estate tax, motor fuel taxes, cigarette taxes, school district income taxes, and tangible personal property taxes. (TAXDAY, 2011/07/05, S.15) The tax amnesty program is set to commence May 1, 2012, and conclude on June 15, 2012, and apply to taxes which were due and payable as of May 1, 2011.
Under the program, taxpayers who pay the full amount of the qualifying delinquent taxes owed and half of any accrued interest will have all applicable penalties and the remaining interest waived or abated. Further, taxpayers participating in the program will not be subject to any criminal prosecution or any civil action with respect to the tax paid.
A separate consumer use tax amnesty program, as well as other sales and use tax provisions (TAXDAY, 2011/07/06, S.42), income tax provisions (TAXDAY, 2011/07/06, S.41), and a repeal of the estate tax (TAXDAY, 2011/07/06, S.40) are reported separately.
H.B. 153. Laws 2011, effective July 1, 2011, applicable as noted