Because each municipality is different, with unique requirements, businesses providing goods or services in multiple jurisdictions are responsible for filing municipal income tax returns in potentially hundreds of municipalities.
With more than 600 municipalities in Ohio, a simplified code that is easier to understand and follow will lead to increased compliance with the law.
Individuals and businesses spend an excessive amount of time and money complying with the law – resources that are better spent growing their businesses and supporting local communities
FACT: In OH, small businesses often spend more to have their local tax returns prepared than on the taxes due. http://t.co/ppf1HBvEs6
HB 5 will help businesses reduce their tax compliance costs, freeing up resources to reinvest in their companies and create more jobs.