04-18 Amend Municipal Net Profit Taxes 128.22 - 128.2215

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their destruction within that period, or by order requires that they be kept longer. The commissioner may require any person, by notice served on that person, to keep such records as the commissioner determines necessary to show whether or not that person is liable, and the extent of such liability, for the income tax levied by a municipal corporation. (c) The tax commissioner may examine under oath any person that the commissioner reasonably believes has knowledge concerning any income that was or would have been returned for taxation or any transaction tending to affect such income. The commissioner may, for this purpose, compel any such person to attend a hearing or examination and to produce any books, papers, records, and federal income tax returns in such person's possession or control. The person may be assisted or represented by an attorney, accountant, bookkeeper, or other tax practitioner at any such hearing or examination. This subsection does not authorize the practice of law by a person who is not an attorney. (d) No person issued written notice by the tax commissioner compelling attendance at a hearing or examination or the production of books, papers, records, or federal income tax returns under this section shall fail to comply. 128.2214 CREDITS. (a) A credit, granted by resolution or ordinance of the City pursuant to section 718.15 or 718.151 of the revised code Codified Ordinances, shall be available to a taxpayer that has made the election allowed under section 128.22 of the Codified Ordinances, against the municipal corporation's tax on income. A municipal corporation shall submit the following information to the tax commissioner on or before the later of January 3 L, 2018, or the thirty-first day of January of the first year in which the taxpayer is eligible to receive the credit: (1) _A copy of the agreement entered into by the City and taxpayer under section 718.15 or 718.151 of the revised code Codified Ordinances; (2) A copy of the ordinance or resolution authorizing the agreement entered into between the City and the taxpayer. (b)(1) Each taxpayer that claims a credit shall submit, with the taxpayer's tax return, documentation issued by the City granting the credit that confirms the eligibility of the taxpayer for the credit, the amount of the credit for which the taxpayer is eligible, and the tax year to which the credit is to be applied. (2) Such documentation shall be provided in the form prescribed by the tax commissioner. (3) Nothing in this section shall be construed to authorize the tax commissioner to enter into an agreement with a taxpayer to grant a credit, to determine if a taxpayer meets the conditions of a tax credit agreement entered into by the City and taxpayer under section 718.15 or 718.151 of the Codified Ordinances„ or to modify the terms or conditions of any such existing agreement. 128.2215. RECKLESS VIOLATIONS; PENALTIES. (a) Except as provided in subsection (b) of this section, whoever recklessly violates subsection (a) of section 128.2204 of the Codified Ordinances shall be guilty of a misdemeanor of the first degree and shall be subject to a fine of not