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OH HB260
Bill
Status
9/10/2013
Primary Sponsor
Anne Gonzales
Click for details
AI Summary
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Allows the tax commissioner to establish a program permitting taxpayers who file income tax returns electronically to elect receiving refunds via financial transaction devices such as credit cards, debit cards, or prepaid cards.
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Requires the commissioner to provide taxpayers with information about the financial transaction device program features, including any associated fees, and inform taxpayers of alternative refund options available.
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Permits the commissioner to enter into agreements with financial transaction device issuers to supply devices and credit them with refund amounts, with any usage fees to be incurred by the taxpayer.
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Defines "financial transaction device" according to section 113.40 of the Revised Code.
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Amends section 126.35 to exclude refunds made under the new financial transaction device program from the general requirement that state treasury payments be made by paper warrants or direct deposit.
Legislative Description
To allow the Department of Taxation to provide taxpayers who file electronic returns the option of receiving their income tax refund in the form of a credit card, debit card, prepaid card, or other device used to electronically transfer funds.
Electronic tax returns-optional refund in form of electronic payment device
Last Action
To Ways and Means
9/10/2013