04-18 Amend Municipal Net Profit Taxes 128.22 - 128.2215

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This subsection applies solely for the purpose of making an adjustment to the amount of a taxpayer's net profit that was apportioned to the City under this section. (g) When calculating the ratios described in subsection (a) of this section _for the purposes of that subsection or subsection (b) of this section, the owner of a disregarded entity shall include in the owner's ratios the - property, payroll, and gross receipts of such disregarded entity. 128.2203 INFORMATION PROVIDED TO TAX ADMINISTRATOR; CONFIDENTIALITY. (a) Any information gained as a result of returns, investigations, hearings, or verifications required or authorized by sections 128.22 to 128.2215 of the Codified Ordinances is confidential, and no person shall disclose such information, except for official purposes, in accordance with a proper judicial order, or as provided in section 4123.271 or 5703.21 of the Revised Code. The tax commissioner may furnish the internal revenue service with copies of returns filed. This section does not prohibit the publication of statistics in a form which does not disclose information with respect to particular taxpayers. (b) In May and November of each year, the tax commissioner shall provide the City tax commissioner with the following information for every taxpayer that filed tax returns with the commissioner under sections 128.22 to 128.2215 of the Codified Ordinances and that had municipal taxable income apportionable to the City under this chapter for any prior year: (1) The taxpayer's name, address, and federal employer identification number; (2) The taxpayer's apportionment ratio for, and amount of municipal taxable income apportionable to, the City pursuant to section 128.2202 of the Codified Ordinances; (3) The amount of any pre -2017 net operating loss canyforward utilized by the taxpayer; (4) Whether the taxpayer requested that any overpayment be carried forward to a future taxable year; (5) The amount of any credit claimed under section 718.94 of the Revised Code. (c) Not later than thirty days after each distribution made to municipal corporations under section 718.83 of the Revised Code, the tax commissioner shall provide to the City a report stating the name and federal identification number of every taxpayer that made estimated payments that are attributable to the City and the amount of each such taxpayer's estimated payment. (d) The information described under subsections (b) and (c) of this section shall be provided to the individual or individuals designated by the City tax commissioner under section 718.83(D) of the Revised Code. (E)(e)(1) The City expects that the tax commissioner will, pursuant to section 718.84(E) of the Revised Code, provide tax returns and other information it receives in the performance of its administration of the municipal net profits tax