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Simplifying Ohio Municipal Tax

In June 2017, Ohio enacted HB 49 to provide taxpayers the option to file one municipal net profit tax return effective starting with the 2018 tax year. Businesses will be able to file one form and one payment to municipalities through the Ohio Business Gateway. The Ohio Department of Taxation will handle all administrative functions for those centrally-filed returns and will distribute payments to the appropriate municipalities. They will also handle audits and appeals. All business must opt-in to take advantage of the centralized filing.

How to Register

To make the election, taxpayers must register with the Department of Taxation and notify all municipalities of previous filed net profit tax returns by the first day of the third month of the taxpayer’s taxable year. New businesses need only register with the Department of Taxation.

There are two ways to register with the Department of Taxation.

  1. At the Department’s website – tax.ohio.gov
  2. Filling out and submitting a paper registration form – Form MNP-R

The election automatically renews after each tax year. Businesses have to notify the Department of Taxation and municipalities to terminate the election.

If you have questions in the meantime, please contact your local Blue & Co. tax representative.

 

 

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