• Ohio’s Tax Amnesty Programs Offer Rare Tax Savings Opportunity
  • July 6, 2011 | Authors: Anthony L. Ehler; Steven L. Smiseck
  • Law Firm: Vorys, Sater, Seymour and Pease LLP - Columbus Office
  • On June 30, 2011, Governor Kasich signed into law Am. Sub. H.B. 153, Ohio’s 2012-2013 budget bill. That legislation included “Temporary Tax Amnesty” that, under the right set of circumstances, could provide significant tax savings. The details of the two amnesty programs are highly technical. However, if the procedures established are properly followed, the programs could reduce or, in some cases, eliminate tax liability. This short review is designed to offer some basic facts about the two tax amnesty programs being implemented.