Am. H.B. 402 Summary

• Amends Section 5703.05 and enacts Section 5703.77 of the Revised Code to establish procedures for handling taxpayer overpayments of taxes and fees administered by the Tax Commissioner.

• Requires the Tax Commissioner to notify taxpayers of credit account balances (overpayments) no later than 60 days before the refund application filing period expires, using contact information on file.

• Authorizes the Tax Commissioner to either apply overpayments as credits against a taxpayer's future tax liabilities in the next reporting period or issue a refund to the taxpayer.

• Requires the Tax Commissioner to withhold from refunds any amounts of the taxpayer's certified tax debt and current tax liabilities, applying withheld amounts first to certified debt and then to current liability.

• Appropriates $682,000 from the General Revenue Fund for fiscal year 2015 to the Tax Department of Taxation for Operating Expenses.