Ohio Tax Department Amends Property, Income Tax Rules

The Ohio Department of Taxation adopted amendments to OAC 5703-3-03, 5703-7-03, and 5703-7-10 regarding property and income tax regulations. The amended regulations include the requirement for certain taxpayers to file balance sheets with personal property tax returns, specific documentation needed for nonresident and resident credits, and a new withholding rate for supplemental compensation set at the highest individual income tax rate. The adopted rules take effect Dec. 22, 2025. [Ohio Dep’t of Taxation, Regs. Sections 5703-3-03, 5703-7-03, 5703-10-03, 12/15/25]