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OH HB472
Bill
Status
12/20/2012
Primary Sponsor
William Batchelder
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AI Summary
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Incorporates changes to the Internal Revenue Code effective as of March 7, 2011, into Ohio tax law, allowing taxpayers to use current federal tax rules for 2011 and later tax returns.
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Extends the commercial activity tax exemption for "qualified distribution centers" to include precious metal refineries located in Ohio's Appalachian region that refine gold, silver, platinum, or palladium, exempting suppliers of unrefined metals to such refineries from taxation on refined metals shipped outside Ohio.
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Permits municipal corporations to apply within 12 months to abate unpaid property taxes, penalties, and interest on property that qualifies for tax exemption under section 5709.08 but lost exemption due to procedural non-compliance.
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Revises the 9-1-1 wireless calling service charge structure, transferring administration from the tax commissioner to the public utilities commission effective January 1, 2014, and adjusting charge rates and fund distribution mechanisms.
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Appropriates $1,174,000 for fiscal year 2013 to the Department of Taxation for operating expenses related to wireless 9-1-1 administration.
Legislative Description
On that date, to contingently revise the 9-1-1 law, to expressly incorporate changes in the Internal Revenue Code since March 7, 2011, into Ohio law, to extend the existing commercial activity tax exemption for "qualified distribution centers" to include precious metal refineries in the Appalachian region, thereby exempting suppliers of unrefined metals to such a refinery from the tax to the extent that the refinery ships the refined metals outside Ohio, to permit, for a limited time, the abatement of unpaid property taxes, penalties, and interest owed on property owned by a municipal corporation that would have been tax exempt except for a failure to comply with certain tax-exemption procedures, to contingently make an appropriation, and to declare an emergency.
Ohio laws-incorporate Internal Revenue Code changes
Last Action
Effective Date
12/20/2012