Section 5726.31 | Application of Refund to Debt to the State.
Effective: March 27, 2013 Latest Legislation: House Bill 510 – 129th General Assembly As used in this section, “debt to this state” means unpaid taxes due the state, unpaid workers’ compensation premiums due under section 4123.35 of the Revised Code, unpaid unemployment compensation contributions due under section 4141.25 of the Revised Code, unpaid unemployment compensation […]
Section 5726.32 | Interest on Unpaid Taxes.
Effective: March 27, 2013 Latest Legislation: House Bill 510 – 129th General Assembly If any tax due under this chapter is not paid on or before the date prescribed for its payment, interest shall be assessed, collected, and paid, in the same manner as the tax, upon such unpaid amount at the rate per annum […]
Section 5726.041 | Computing Total Ohio Equity Capital.
Effective: March 27, 2013 Latest Legislation: House Bill 510 – 129th General Assembly (A) As used in this section, “Ohio-qualified real estate investment trust” means a real estate investment trust that is traded on a public stock exchange and that was traded on a public stock exchange on January 1, 2012. (B) For the purpose […]
Section 5726.05 | Apportionment Factor.
Effective: March 27, 2013 Latest Legislation: House Bill 510 – 129th General Assembly (A) An apportionment factor shall be used to determine the total Ohio equity capital of a financial institution. The factor shall be based upon the gross receipts generated by the financial institution. (B) The apportionment factor is a fraction, the numerator of […]
Section 5726.06 | Estimated Tax Reports.
Effective: April 12, 2021 Latest Legislation: House Bill 150 – 133rd General Assembly (A) The reporting person for a taxpayer shall file estimated tax reports and remit the amount of tax estimated to be due for a tax year to the tax commissioner as follows: (1) One-third of the estimated tax or the minimum tax […]
Section 5726.01 | Definitions.
Effective: April 12, 2021 Latest Legislation: House Bill 150 – 133rd General Assembly As used in this chapter: (A) “Affiliated group” means a group of two or more persons with fifty per cent or greater of the value of each person’s ownership interests owned or controlled directly, indirectly, or constructively through related interests by common […]
Section 5726.02 | Financial Institution Tax; Purpose; Amount.
Effective: April 12, 2021 Latest Legislation: House Bill 150 – 133rd General Assembly (A) For the purpose of funding the needs of this state and its local governments, there is hereby levied a tax on each financial institution for the privilege of doing business in this state. A financial institution is subject to the tax […]
Section 5726.03 | Report; Remittance.
Effective: March 23, 2015 Latest Legislation: House Bill 5 – 130th General Assembly (A)(1) Annually, on or before the fifteenth day of October, the reporting person for each taxpayer shall make a report in writing to the tax commissioner, in such form as the commissioner prescribes, and shall remit to the commissioner the amount of […]
Section 5726.04 | Amount of Tax.
Effective: April 12, 2021 Latest Legislation: House Bill 150 – 133rd General Assembly (A)(1) The tax levied on a financial institution other than a de novo bank organization under this chapter shall be the greater of the following: (a) A minimum tax equal to one thousand dollars; (b) The product of the total Ohio equity […]