The Ohio Chamber provided a letter of support for House Bill 45 during its second hearing in the Senate Ways & Means Committee. House Bill 45 will set a two-month amnesty period for taxpayers to disclose underpaid taxes or unfiled tax returns. The two-month period is set to begin July 1, 2022, which is the start of the Ohio’s fiscal year, and it would be the first general amnesty period since 2018.
The Ohio Chamber letter of support pointed out that the idea is warranted given the disruption caused by the health pandemic. Businesses may have new or different tax obligations resulting from new supply routes, new methods of selling or from employees working from remote locations.