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Ohio Businesses May Elect to Conform State Tax Rules to Federal Law Provisions

Monday, January 28, 2013
Legislation (H.B. 472) was enacted Dec. 20 to amend Ohio Rev. Code Ann. Section 5701.11 to allow a taxpayer to irrevocably elect to incorporate the provisions of the Internal Revenue Code or other laws of the United States for the tax year ending after March 7, 2011, but before Dec. 20, 2012.

Text of the legislation is at http://www.legislature.state.oh.us/bills.cfm?ID=129_HB_472.

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