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Joe
Uecker
State
Representative
01/11/06
Tax
Amnesty Program
Now
in the throws of the New Year, I find myself contemplating
what is in store for us in Columbus this year. The
legislature made great headway in terms of economic
stimulus by the tax reform bill as well as the reduction
of the state personal income tax, the largest personal
income tax cut in Ohio’s history.
I’m looking forward to working this year to
continue that direction.
We meet back in session at the Statehouse this week
and we even have a couple of marathon caucus meetings
scheduled to review this year’s priorities and make any
changes deemed necessary.
I
am sure many of you received in the mail this weekend the
same package I did, the Ohio income tax booklet.
On the topic of the personal income tax, we made
many changes to the tax code many will find a good start.
The many changes to Ohio’s tax code enacted in
the state budget were aimed to make Ohio’s tax code
simpler. Because of the general complexity of the tax
code, some Ohioans may have, in the past, inadvertently
misrepresented their tax liability when filing their
returns, or simply not filed at all. Recognizing this, the
members of the legislature included in the budget bill a
period of tax amnesty to encourage Ohioans to make certain
their tax records are current and in order as we start the
new year.
The
Ohio Department of Taxation will offer the Tax Amnesty
Program from January 1 to February 15, allowing Ohioans to
pay back taxes without penalty. Additionally, the program
reduces any outstanding interest charges by 50 percent.
Most types of state tax are addressed by the program,
including the corporate franchise tax, employer/school district withholding tax,
individual income tax, school district income tax,
pass-through entity tax, sales/use tax and personal
property tax. Taxpayers must have had tax liability due to
the State of Ohio on May 1, 2005 and if the department has
issued a bill, assessment or audit for a specific
liability, then that liability is ineligible for the
program. In addition to benefiting taxpayers, the program
is expected to generate at least $10 million for the state
in unreported or under-reported tax liabilities.
After
the February 15 deadline, the Ohio Department of Taxation
will once again increase efforts to uncover delinquency.
The Ohio Department of Taxation recently allocated more
resources for finding and recovering delinquent taxes and
increased communication between states and also between
states and the IRS. This amnesty period is an opportunity
to address any tax issues without extraneous fees and
attention.
To
learn more about the Ohio Tax Amnesty Program call the
Ohio Department of Taxation at 1-800-204-3211, or visit
their Web site at www.taxamnestyohio.com.
If you would like to contact me about tax amnesty or any
other state-related matter, give me a call or drop me an
email.
Here’s
to a safe and exciting 2006.
Joe
Uecker
State
Representative
Ohio’s
66 District
Representing
Batavia, Goshen, Miami and Union Townships as well as the
Cities of Loveland and Milford and the Villages of Batavia
and Amelia.(614)
466-8134
District
Office (513)-248-2565
Website:
www.JoeUecker.com
Email:
Joe@JoeUecker.com |