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Multistate Tax Alert: Ohio Adopts 2011-2013 Budget


On June 30, Ohio Governor Kasich signed into law the 2011-2013 Budget Bill, House Bill 153. The new law:

  • Expands existing refundable commercial activity tax credits for job retention and creates a new refundable job retention tax credit
  • Creates a commercial activity tax exemption for certain receipts involving uranium
  • Clarifies existing corporate franchise tax law concerning inclusion of insurance companies in a commonly owned or controlled group
  • Creates a small business investment tax credit against the personal income tax
  • Creates a sales and use tax exemption for computer data center equipment and an exclusion for certain customer loyalty program rewards
  • Alters the statute of limitations for use tax assessment and prohibits assessment of a consumer’s use tax liability prior to 2008
  • Requires the Tax Commissioner to administer a tax amnesty program
  • Repeals the estate tax starting in 2013
  • Provides for a sales and use, income, and commercial activity tax exemption for entities that enter into a contract with the state to provide highway services
  • Authorizes administrative changes to mandatory electronic filing and allows alternative delivery methods of orders and notices

These changes are summarized in this Tax Alert.

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