(Greenville, OH) – The Darke County Chamber of Commerce has adopted a resolution in support of House Bill 5, a bill that seeks to improve Ohio’s business climate by creating a more uniform municipal income tax system.
"Many local businesses and individuals struggle to comply with Ohio’s cumbersome municipal tax system," said President Sharon Deschambeau. "House Bill 5 will make it easier for taxpayers to comply with the law, allowing them to invest those resources into their companies and the local economy."
Currently, Ohio has nearly 600 cities and villages that impose a municipal income tax on individuals and businesses, each with their own definition of income, rules and regulations, and varied amounts of penalties and interest. The result is a patchwork system that requires small businesses to spend thousands of dollars on recordkeeping, tax preparation services, and expert advice in order to comply.
House Bill 5, introduced by Rep. Cheryl Grossman (R-Grove City), establishes one a single definition of income and a uniform set of municipal tax rules and regulations that would apply to nearly all Ohio cities. The proposed legislation will also alleviate administrative burdens and reduce compliance costs for Ohio’s employers, making Ohio a more competitive place to do business.
"We firmly stand with Darke County Chamber in support of House Bill 5," said Andrew Doehrel, President of the Ohio Chamber of Commerce. "This kind of comprehensive reform will help our communities thrive through less paperwork, better compliance with the law, and attract more jobs."