Article originally published March 25, 2020
Last updated March 30, 2020
Editor’s note: On March 27, 2020, Governor Mike DeWine signed House Bill 197 into law. Upon signing, the Ohio Department of Taxation announced the official extension of Ohio’s income tax deadline. The Ohio Tax Commissioner is expected to issue more detailed guidance in the next few days. GBQ will publish an alert once all details are final.
On March 25, 2020, the Ohio Legislature passed House Bill 197 in response to the COVID-19 pandemic. The emergency legislation contains a variety of provisions allowing the state to effectively operate during this crisis and includes the following tax provisions:
- Extension of the state personal income tax, school district income tax and state-administered municipal net profit tax filing deadlines until July 15, 2020;
- Extension of the due date for estimated income tax payments;
- Waiver of interest and penalties associated with payments that are subject to the extended deadlines; and
- Permits employers to continue withholding municipal income tax in the city of the employee’s traditional workplace during the health emergency plus 30 days (waiver of “20-day rule”).
The legislation will be sent to Governor Mike DeWine where he is expected to sign it into law. GBQ will continue to review this bill and other legislation to provide additional updates. Please contact your GBQ representative if you have questions, or if you would like to discuss any of this information in further detail. For additional updates on extended deadlines in other states, please refer to this chart provided by the AICPA.