(A) Ordinance 2015-76, effective January 1, 2016, and corresponding changes to ORC 718, apply to municipal taxable years beginning on or after January 1, 2016. All provisions of this Chapter 174 apply to taxable years beginning in 2016 and succeeding taxable years. Per section 174.03(23)(C) of this chapter, revised net operating loss rules are effective with losses incurred for taxable years beginning on or after January 1, 2017.
(B) Ordinance 2015-76 does not repeal the existing sections of Chapter 171 for any taxable year prior to 2016. For municipal taxable years beginning before January 1, 2016, the Municipality shall continue to administer, audit, and enforce the income tax of the Municipality under the previous Municipal Codes Chapter 171 and ORC 718 as enacted before January 1, 2016.
(C) Ordinance 2018-2 amends Chapter 174 and incorporates additional changes to ORC 718. Changes are effective for tax years beginning on or after January 1, 2018 and are noted in the appropriate sections in this Chapter 174.
(Source: ORC 718.04) (Ord. 2018-2. Passed 2-22-18.)
(Ord. 2020-2. Passed 2-13-20.)