Instructions For Ohio Form Ft 1120fi - Ohio Corporation Franchise Tax Report - 2012 Page 2
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24Ohio's Tax Amnesty Programs
As you may know, the Ohio legislature added two tax amnesty
Tax Amnesty must make full and prompt payment of the qualifying
programs to the state budget bill signed by Gov. Kasich on June
balance due during the amnesty period.
30, 2011. The Ohio Department of Taxation has the responsibility
The Use Tax Amnesty is intended to be helpful to Ohio business-
for administering these programs and accompanying educational
es that may be unaware of the use tax or are behind in meeting
efforts meant to raise awareness of the amnesty opportunities and
use tax obligations. Under this amnesty, businesses not registered
help you better understand Ohio’s tax laws.
for use tax can pay their past use tax liability without incurring pen-
As mentioned, there will be two amnesty programs:
alties or interest. A no-interest payment plan is available to taxpay-
• From May 1, 2012 through June 15, 2012, we will offer Gen-
ers with use tax liabilities exceeding $1,000.
eral Tax Amnesty for most business taxes and some individual
If you are unfamiliar with the use tax, some brief background: Use
taxes.
tax was passed into law in the 1930s as a companion tax to the
• From Oct. 1, 2011 through May 1, 2013, we will offer a Use Tax
sales tax. In general, you either pay sales tax to a vendor or self-
Amnesty for use tax due on purchases made by businesses on
assess and remit use tax to the Department of Taxation for taxable
or after Jan. 1, 2009.
purchases of tangible personal property or certain services used,
The General Tax Amnesty may be available for individuals with
stored or otherwise consumed in Ohio.
overdue liabilities in any of the following taxes: pass-through en-
The department has developed a series of fact sheets explain-
tity, personal income, school district income and estate. General
ing how use tax commonly applies in specifi c types of businesses
Tax Amnesty also applies to taxes owed by businesses including:
such as construction contractors, manufacturing, retail and ser-
commercial activity, corporation franchise, sales, gross receipts of
vice-related enterprises. The department is also making presen-
a natural gas company or a combined electric and gas company,
tations around the state regarding the amnesty programs, with a
motor fuel, cigarette or other tobacco products, dealers in intan-
special focus on use tax. For the fact sheets or a list of upcoming
gibles, employer withholding and school district employer with-
presentations, visit Taxation’s Web site at tax.ohio.gov.
holding.
For more information on these amnesty programs, visit Taxation’s
During General Tax Amnesty, taxpayers can pay unreported or un-
Web site (tax.ohio.gov) or call toll-free 1-800-304-3211, 8 a.m.
derreported tax delinquencies with no penalties and one-half of
until 5 p.m., Monday through Friday. We encourage you to take ad-
the interest charges for taxes due and payable up through May 1,
vantage of these amnesty opportunities to eliminate any overdue
2011. Tax periods that have been billed, assessed or under audit
tax liabilities you may have.
will not be eligible for amnesty. Taxpayers participating in General
General Taxes
Consumer’s Use Tax
•
Program dates: May 1 – June 15, 2012
•
Program dates: Oct. 1, 2011 – May 1, 2013
•
Tax paid under General Amnesty is subject to one-half the
•
The tax commissioner will waive all unassessed use tax li-
interest and no penalty.
ability due for any periods prior to Jan. 1, 2009.
•
Participating taxpayers who pay the full tax and applicable
•
Tax paid under use tax amnesty is not subject to interest or
interest due are not subject to civil and/or criminal penal-
penalty. Taxpayers who pay the full amount due are not sub-
ties.
ject to interest or civil and/or criminal penalties.
•
Information is available at tax.ohio.gov.
•
Information is available at tax.ohio.gov.
•
Questions should be directed to 1-800-304-3211.
•
Questions should be directed to 1-800-304-3211.
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