(a) Any information gained as a result of returns, investigations, hearings, or verifications required or authorized by Sections 792.22 to 792.2215 of this chapter is confidential, and no person shall disclose such information, except for official purposes, in accordance with a proper judicial order, or as provided in Ohio R.C. 4123.271 or 5703.21. 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 792.22 to 792.2215 of this chapter 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 792.2202 of this chapter;
(3) The amount of any pre-2017 net operating loss carryforward 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 Ohio R.C. 718.94.
(c) Not later than thirty days after each distribution made to municipal corporations under Ohio R.C. 718.83, 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 divisions (b) and (c) of this section shall be provided to the individual or individuals designated by the City Tax Commissioner under Ohio R.C. 718.83(D).
(e) (1) The City expects that the Tax Commissioner will, pursuant to Ohio R.C. 718.84(E), provide tax returns and other information it receives in the performance of its administration of the municipal net profits tax for taxpayers making the election provided in Section 792.22 of this chapter. The Tax Commissioner shall review these returns and information, as well as the information received pursuant to divisions (b) and (c) of this section, and has discretion to refer any taxpayer for audit by the Tax Commissioner. Such referral shall be made on a form prescribed by the Commissioner and shall include any information that forms the basis for the referral.
(2) If the Tax Commissioner declines to audit a taxpayer referred by the Tax Commissioner under this section, the City reserves its right to pursue any and all remedies, whether at law or in equity, to ensure that the correct tax liability has been calculated and paid by the taxpayer.
(Ord. 34-2018. Passed 3-5-18.)