Ohio Municipal Tax Reform– May 21, 2013

Ohio has one of the most complicated municipal tax systems in the country.Each year at tax time, preparation and filing is a costly burden for taxpayers across the state, especially business owners who operate in multiple municipalities. The municipal tax structure in its current form channels critical resources into remaining compliant with local tax law versus fostering business growth. The current structure is an impediment to attracting and retaining businesses that could make our local economy stronger. There needs to be a simplified and streamlined alternative.

As members of the Ohio Society of CPAs, they have asked us to help raise awareness of the issue. The OSCPA is part of the Municipal Tax Reform Coalition, a broad partnership of 25 statewide organizations driving reform of Ohio’s municipal income tax code. For more information on their efforts, visit http://munitaxreform.org.

 

This communication is for information only, and any action should only be taken after a detailed review of the specific situation and appropriate consultation.

Notwithstanding that these materials do not constitute legal, accounting or other professional advice, as may be required by United States Treasury Regulations and IRS Circular 230, you should be advised that these materials are not intended or written to be used, and cannot be used by you or any other person, for the purpose of avoiding penalties that may be imposed under federal tax laws. No written statement contained in these materials may be used by any person to support the promotion or marketing of or to recommend any federal tax transaction(s) or matter(s) addressed in these materials, and any taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor with respect to any such federal tax transaction matter.