The Ohio House passed Substitute House Bill 5 on November 13, 2013. H.B. 5 would implement substantial modifications to Ohio’s municipal income tax. Key modifications address NOL carryovers, consolidated return elections, alternative apportionment, treatment of pass-through entity taxation, compliance and appeal rules, and other municipal tax matters. H.B. 5 would generally be effective for tax years beginning on or after January 1, 2015. The bill now moves to the Ohio Senate for consideration.