us-oh/stat
Ohio Rev. Code § 5711.30
Penalty assessment for declaring a nominal dividend or to evade taxes
Official textcodes.ohio.govlast amended
If any corporation, incorporated under the laws of this state or authorized to do business in this state, declares a nominal dividend or distribution for the purpose of enabling its shareholders residing in this state to return its shares as productive investments, the tax commissioner, upon finding such to be the fact, shall assess against such corporation a penalty equal to a tax of two mills on the dollar of the true value in money of its share of stock owned by shareholders residing in this state. Such penalty shall be collected and distributed in the same manner as taxes levied by section 5707.03 of the Revised Code.
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In this chapter (37 sections)
- 5711.01 · Listing personal property definitions
- 5711.02 · Annual returns - supplying of blanks
- 5711.03 · Listing of taxable property
- 5711.04 · Time for making returns
- 5711.05 · Returns of taxable property - fiduciary returns
- 5711.06 · Listing of transferred investments
- 5711.07 · Proper taxing district for listing property
- 5711.09 · Powers and duties of tax commissioner - contents of return
- 5711.10 · Option to file verified federal income tax return
- 5711.11 · Certain returns shall be made in duplicate - county auditor…
- 5711.13 · Taxpayer shall make combined return - assessment -…
- 5711.14 · Consolidated returns for corporations - joint returns for…
- 5711.15 · Valuation of merchandise offered for sale
- 5711.16 · Listing of personal property by manufacturer - average value…
- 5711.17 · Separate listing of property by manufacturer
- 5711.18 · Valuation of accounts and personal property - procedure -…
- 5711.19 · Determination of trust income - cash distribution
- 5711.21 · Rules governing assessments
- 5711.22 · Listing and rates of personal property tax
- 5711.23 · Reclassified property assessable
- 5711.24 · Power of tax commissioner to assess taxable property -…
- 5711.25 · Procedure in dealing with assessment certificates - final…
- 5711.26 · Commissioner may make certain final assessments
- 5711.27 · Penalty assessment for failure to make return or list or…
- 5711.28 · Unreasonable accumulation of profits by corporation -…
- 5711.29 · Unreasonable accumulation of profits by corporation -…
- 5711.30 · Penalty assessment for declaring a nominal dividend or to…
- 5711.31 · Notice of assessment - petition for reassessment - final…
- 5711.32 · Correction of records and tax lists
- 5711.33 · Tax bills issued for deficiency assessment
- 5711.34 · List of investment holders in corporations to be filed with…
- 5711.35 · Resident deputy county treasurer
- 5711.36 · Filing and preservation of returns and assessment certificates
- 5711.101 · Tax commissioner may require financial statement or balance…
- 5711.131 · County supplemental return
- 5711.221 · Report of investment income
- 5711.341 · List of investors in money market investment to be filed…