LICKING COUNTY AUDITOR'S OFFICE

J. TERRY EVANS, AUDITOR

Personal Property Tax

Regarding Substitute House Bill 95 - State's Biennial Budget: below are some of the significant changes.

Expansion of the Sales Tax Base

1. Laundry and dry cleaning service, excluding sales made through coin operated machines
2. Satellite program service: audio and video
3. Personal care service, including skin care, application of cosmetics, manicures, pedicures, tattoos, body piercing, tanning, massage and other services, does not include hair care: cutting, coloring, styling, and removing
4. Transportation of persons within Ohio, except by public transit systems or commercial airlines
5. Towing service for motor vehicles
6. Snow removal service (mechanical)
7. Storage service
8. Delivery charges by a vendor will be taxable

All of the above services require a regular county vendor's license, except Satellite service and Snow removal, which require a Service Vendor's License. Delivery charges follow whatever license.

Elimination of $10,000 Personal Property Tax Filing Requirement

Currently, all taxpayers owning personal property with a taxable value of less than $10,000 are required to file a return even though they would not owe any tax. Beginning in tax year 2004, all taxpayers having taxable personal property with a taxable value of less than $10,000 will no longer be required to file a return. This does not apply to "new" taxpayers, "new" taxpayers must file a NT return for the year they first open their business even if their taxable value is below the $10,000 value.

Late Filing Penalty

Currently under Ohio Revised Code 5711.27, tax returns that are not filed timely are subject to a penalty of five to fifty percent plus loss of one-half the exemption. HB 95 removes the loss of one-half the exemption. Penalties apply as follow:

1. When a taxpayer files a return after the due date, but before October 1 of the year for which it is filed, a penalty of 10% of the value is added to the assessment.
2. When a taxpayer files a return after the due date and on or after October 1 of the year for which it is filed, a penalty of 15% of the value is added to the assessment.

For further information on House Bill 95 you can access the State of Ohio Department of Taxation web site at: www.state.oh.us/tax

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