ORC and IRC uniformity regarding treatment of charitable pension distributions (HB 699)

The Ohio Society led efforts to bring the Ohio Revised Code (ORC) in line with the Internal Revenue Code (IRC) regarding the treatment of charitable distributions from independent retirement accounts (IRAs). Congress established tax-free IRA distributions for charitable purposes through the Pension Protection Act of 2006. However, the ORC did not recognize the tax-free distributions for the purposes of Ohio income tax and required taxpayers to add distributions back to adjusted gross income. Under HB 699, the “add-back” provision no longer exists and the ORC now mirrors the IRC.

More information:

• House Bill 699
• Society scores important tax victories in Ohio capital budget
  

Ongoing success

• Commercial Activity Tax: Keeping the base broad and rate low
• Interstate practice issues; state-to-state license mobility
• Sales tax on services

2007

• Modification to Ohio’s tax code (Sub. HB 157)
• Changes to title agency review rules (Sub. HB 157)
• Further uniformity to Ohio’s municipal income tax collection methods (Sub. HB 224)
• Improving the internal audit function of Ohio Executive Branch (Sub. HB 166)
• Ohio Government Audit Work Paper Public Record Issue

2006

• Title agency review rules
• Ohio government audit work paper public record issue
• Audit work paper confidentiality (HB 9)
• Gramm-Leach-Bliley privacy notification exemption (SB 2856)
• Ohio income tax residency requirements; increase in contact periods (HB 73)
• Statute of limitations for tax collection (HB 390)
• ORC and IRC uniformity regarding treatment of charitable pension distributions (HB 699)
• Ohio attorney general rules impacting charitable entities
• Data breach legislation (HB 104)

2005

• Tax reform (HB 66)
• Protecting the regulation of the accounting profession (HB 66)
• Improving Ohio’s legal environment (SB 80)

2004

• Agreed upon rules and procedures for nonprofit child caring agencies
• Elimination of licensed professionals from independent contractor classification (HB 200)

2003

• Municipal income tax reform (HB 95)
• Tort reform; limiting abusive lawsuits (SB 120)