Ohio offers business tax amnesty program
Individuals and businesses behind on their state taxes will get a chance to catch up starting Jan. 1 and save money at the same time.
The state is launching a tax-amnesty program that will run from New Year’s Day until Feb. 15. Taxpayers who fully pay qualifying tax delinquencies will owe no penalties and will pay only half of the interest normally charged.
The program applies only to those who have not already been identified by the Ohio Department of Taxation as being behind on their taxes.
State tax officials expect the program to collect at least $20 million.