Bill > SB284

This bill amends Ohio tax law to waive penalties for taxpayers who do not file certain tax returns when no tax is actually due. Specifically, the bill adds provisions to three sections of the Ohio Revised Code (5739.125, 5747.15, and 5751.06) that explicitly prohibit the tax commissioner from imposing penalties or interest for failing to file a return if no tax is owed. The changes apply to tax returns required to be filed on or after the bill's effective date. Under the current law, taxpayers could face penalties ranging from $50 to 50% of the tax owed for late or unfiled returns, even if no actual tax was due. The new provisions eliminate these penalties in cases where a taxpayer has no tax liability, which could reduce administrative burdens for both taxpayers and the tax commissioner. This change aims to simplify tax compliance and reduce potential financial penalties for individuals and businesses who might inadvertently miss filing a return when they do not owe any taxes.

Budget and Finance

https://www.legislature.ohio.gov/legislation/136/sb284