HB 14: Incorporate Internal Revenue Code changes into Ohio law
This bill amends a section of the Ohio Revised Code to incorporate changes in the Internal Revenue Code since March 15, 2023, into Ohio law. The effective date of this section is the effective date of the bill as amended. The bill allows taxpayers to irrevocably elect to incorporate provisions of the Internal Revenue Code or other federal laws into their Ohio tax returns for a specific taxable year. This election must be made on the taxpayer's return and does not include adjustments to reverse differences between the Internal Revenue Code and Ohio tax provisions. The bill repeals an existing section of the Ohio Revised Code and declares the bill an emergency measure necessary for the preservation of public peace, health, and safety. This measure aims to enable taxpayers to avoid making adjustments on their 2024 tax returns that increase compliance costs.
| Mar. 07, 2025 | Signed By The Governor |
| Mar. 07, 2025 | Effective Emergency Act |
| Feb. 27, 2025 | Sent To The Governor |
| Feb. 19, 2025 | Passed |
| Feb. 18, 2025 | Reported: Ways and Means |
AN ACT
To amend section 5701.11 of the Revised Code to expressly incorporate changes in the Internal Revenue Code since March 15, 2023, into Ohio law and to declare an emergency.
Be it enacted by the General Assembly of the State of Ohio:
SECTION 1. That section 5701.11 of the Revised Code be amended to read as follows:
Sec. 5701.11. The effective date to which this section refers is the effective date of this section as amended by S.B. 10 H.B. 14 of the 135th 136th general assembly.
(A)(1) Except as provided under division (A)(2) or (B) of this section, any reference in Title LVII or section 149.311, 3123.90, 3770.073, or 3772.37 of the Revised Code to the Internal Revenue Code, to the Internal Revenue Code "as amended," to other laws of the United States, or to other laws of the United States, "as amended," means the Internal Revenue Code or other laws of the United States as they exist on the effective date.
(2) This section does not apply to any reference in Title LVII of the Revised Code to the Internal Revenue Code as of a date certain specifying the day, month, and year, or to other laws of the United States as of a date certain specifying the day, month, and year.
(B)(1) For purposes of applying section 5733.04, 5745.01, or 5747.01 of the Revised Code to a taxpayer's taxable year ending after February 17, 2022March 15, 2023, and before the effective date, a taxpayer may irrevocably elect to incorporate the provisions of the Internal Revenue Code or other laws of the United States that are in effect for federal income tax purposes for that taxable year if those provisions differ from the provisions that, under division (A) of this section, would otherwise apply. The filing by the taxpayer for that taxable year of a report or return that incorporates the provisions of the Internal Revenue Code or other laws of the United States applicable for federal income tax purposes for that taxable year, and that does not include any adjustments to reverse the effects of any differences between those provisions and the provisions that would otherwise apply, constitutes the making of an irrevocable election under this division for that taxable year.
(2) Elections under prior versions of division (B)(1) of this section remain in effect for the taxable years to which they apply.
SECTION 2. That existing section 5701.11 of the Revised Code is hereby repealed.
SECTION 3. This act is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, health, and safety. The reason for such necessity is to enable taxpayers to avoid making miscellaneous adjustments on their 2024 tax returns that increase costs of compliance. Therefore, this act shall go into immediate effect.
Am. H. B. No. 14 136th G.A.
Speaker of the House of Representatives.
President of the Senate.
Passed 20
Approved 20
Governor.
The section numbering of law of a general and permanent nature is complete and in conformity with the Revised Code.
Director, Legislative Service Commission.
Filed in the office of the Secretary of State at Columbus, Ohio, on the day of , A. D. 20
Secretary of State.
File No. Effective Date