Section 5729.18 | Transformational Mixed Use Development Tax Credit.
Effective: March 31, 2021 Latest Legislation: Senate Bill 39 – 133rd General Assembly There is allowed a credit against the tax imposed by section 5729.03 of the Revised Code for an insurance company subject to that tax that holds the rights to a tax credit certificate issued under section 122.09 of the Revised Code. The […]
Section 5729.98 | Order of Claims for Tax Credits and Offsets.
Effective: March 27, 2020 Latest Legislation: House Bill 197, Senate Bill 39 – 133rd General Assembly (A) To provide a uniform procedure for calculating the amount of tax due under this chapter, a taxpayer shall claim any credits and offsets against tax liability to which it is entitled in the following order: The credit for […]
Section 5729.10 | Revocation of License for Failure to Pay Tax or Make Report – Action to Recover Taxes – Report on Ceasing to Do Business.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly If a company fails to pay the tax levied by section 5729.03 of the Revised Code, or to make any partial payment thereof as required by law after a statement thereof has been made and mailed to it, or if the annual […]
Section 5729.101 | Late Returns – Computation and Accrual of Interest.
Effective: March 30, 2006 Latest Legislation: House Bill 530 – 126th General Assembly For the purposes of this section, interest shall be computed at a rate per calendar month, rounded to the nearest one-hundredth of one per cent, equal to one-twelfth of the rate per annum prescribed by section 5703.47 of the Revised Code for […]
Section 5729.102 | Application for Refund – Assessment of Deficiency.
Effective: March 30, 2006 Latest Legislation: House Bill 530 – 126th General Assembly (A) An application to refund to a foreign insurance company any taxes imposed by section 3737.71 of the Revised Code or this chapter that are overpaid, paid illegally or erroneously, or paid on any illegal, erroneous, or excessive assessment, with interest thereon […]
Section 5729.11 | Penalty for Nonpayment of Taxes.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly If any foreign insurance company refuses to pay the tax levied by section 5729.03 of the Revised Code upon demand being made therefor, it shall be liable to the state at the suit of the attorney general to a penalty of not […]
Section 5729.12 | Inspection of Books by Superintendent of Insurance.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When notice of a violation of sections 5729.07 to 5729.09, inclusive, and section 5729.13 of the Revised Code, is received by the superintendent of insurance, he shall forthwith visit the office of the company where such contract of insurance has been written […]
Section 5729.13 | Revocation of Right to Do Business.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly Any company which violates sections 5729.07 to 5729.09, inclusive, of the Revised Code, shall, upon notice and satisfactory proof being made to the superintendent of insurance, have its authority to transact business in this state revoked for a period of not less […]
Section 5729.14 | Right to Deny Admission to Companies Which Violate Laws.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly When a foreign insurance company applies to the superintendent of insurance for admission to do business in this state, it shall not be admitted until it has paid all taxes and penalties assessed against it for the violation of the laws relating […]
Section 5729.15 | Expenses of Inspection to Be Paid by Company.
Effective: October 1, 1953 Latest Legislation: House Bill 1 – 100th General Assembly The superintendent of insurance shall receive his necessary expenses as compensation for services rendered under sections 5729.01 to 5729.15, inclusive, of the Revised Code. Such sum shall be charged against the companies examined by him, and be collected by suit in any […]