H.B. 565 Summary

• Extends filing and payment deadlines for state, municipal, and school district income taxes to match any federal income tax extension granted by the U.S. Secretary of the Treasury in response to COVID-19.

• Applies to taxpayers eligible for federal extensions under Internal Revenue Code section 7508A or acts of Congress related to the COVID-19 outbreak.

• Covers tax returns, reports, and documents prescribed under Ohio Revised Code Chapters 718, 5747, and 5748.

• Waives penalties, interest penalties, and interest accrual during the extension period for affected taxpayers.

• Declares the act an emergency measure effective immediately to minimize economic impact on Ohio citizens from COVID-19.