OH HB18

Adds new deduction in Ohio income tax code allowing honorably discharged veterans to exclude disability severance payments computed under 10 U.S.C. 1212 from taxable income.

Applies to taxable years beginning on or after January 1, 2019.

Allows taxpayers with pre-2019 tax years to file refund applications by December 31, 2020 if they paid federal income tax on disability severance payments.

Modifies section 5747.01 (adjusted gross income definition) and section 5747.10 (federal adjustment reporting requirements) of the Ohio Revised Code.

Extended filing deadline of 180 days instead of 90 days applies when federal adjustments result from disability severance payment taxes paid by the taxpayer.