us-oh/stat
Ohio Rev. Code § 5726.02
Financial institution tax; purpose; amount
# (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 imposed under this chapter for each calendar year that the financial institution conducts business as a financial institution in this state or otherwise has nexus in or with this state under the Constitution of the United States on the first day of January of that calendar year.
# (B)
The amount of tax a financial institution other than a de novo bank organization is required to pay under this chapter shall equal the greater of the minimum tax required under division (A)(1)(a) of section 5726.04 of the Revised Code or the amount by which the tax calculated under division (A)(1)(b) of that section exceeds any credits allowed against the tax. The amount of tax a de novo bank organization is required to pay under this chapter shall equal the amount by which the tax calculated under division (A)(2) of section 5726.04 of the Revised Code exceeds any credits allowed against the tax.
Source: view the official text
In this chapter (32 sections)
- 5726.01 · Definitions
- 5726.02 · Financial institution tax; purpose; amount
- 5726.03 · Report; remittance
- 5726.04 · Amount of tax
- 5726.05 · Apportionment factor
- 5726.06 · Estimated tax reports
- 5726.07 · Underpayment of estimated taxes
- 5726.10 · Enforcement of chapter
- 5726.20 · Assessments
- 5726.21 · Penalties
- 5726.30 · Refunds
- 5726.31 · Application of refund to debt to the state
- 5726.32 · Interest on unpaid taxes
- 5726.33 · Interest or penalty on qualifying refund overpayment
- 5726.36 · Notification of changes in ownership or applicability of…
- 5726.40 · Cancellation of authority to to business in Ohio
- 5726.41 · Penalty for continuing after cancellation
- 5726.42 · Reinstatement
- 5726.43 · Quo warranto action
- 5726.50 · Tax credits for job creation
- 5726.52 · Tax credit for historic building rehabilitation
- 5726.53 · Tax credit for venture capital loan loss
- 5726.54 · New markets tax credit
- 5726.55 · Motion picture production tax credit
- 5726.56 · Research and development tax credit
- 5726.57 · Nonrefundable credit for qualifying dealers in intangibles
- 5726.58 · State low-income housing tax credit
- 5726.60 · Tax credit for single-family housing development
- 5726.61 · Opportunity zone investment tax credit
- 5726.62 · Transformational mixed use development tax credit
- 5726.98 · Calculating tax due
- 5726.99 · Minimum and maximum fines