reglab/housing_qa huggingface dataset:
Ohio Rev Code § 5726.33 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.33 | Interest or Penalty on Qualifying Refund Overpayment.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|(A) As used in this section, "qualifying refund overpayment" means an amount received by a taxpayer in excess of a refund claimed or a request for payment made by the reporting person for the taxpayer on a return, report, or other document filed with the tax commissioner. (B) A taxpayer is not liable for any interest or penalty with respect to the repayment of a qualifying refund overpayment if the reporting person for the taxpayer pays the entire amount of the qualifying refund overpayment to the commissioner not later than thirty days after the taxpayer receives an assessment for the amount. If the reporting person does not pay the entire amount of the overpayment to the commissioner within the time prescribed by this section, interest shall accrue on the amount of the deficiency pursuant to section 5726.32 of the Revised Code from the date the commissioner issues the assessment until the date the deficiency is paid.
Ohio Rev Code § 5726.36 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.36 | Notification of Changes in Ownership or Applicability of Chapter.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|(A) A person shall notify the tax commissioner when the person is no longer subject to the tax imposed by this chapter. (B) If the ownership structure of a financial institution changes such that a person is no longer includable in the annual report of the financial institution, the reporting person for the financial institution shall notify the commissioner of the change when the reporting person files its next annual report or in writing prior to the due date of that report.
Ohio Rev Code § 5726.40 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.40 | Cancellation of Authority to to Business in Ohio.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|If a person, wherever organized, doing business in this state or owning or issuing all or part of the entity's capital or property in this state, and required by law to file any report or return or to pay any tax or fee under Title LVII of the Revised Code, fails or neglects to make such report or return or to pay any such tax or fee for ninety days after the time prescribed by law for making such report or return or for paying such tax or fee, the tax commissioner shall certify such fact to the secretary of state. The secretary of state shall thereupon cancel the document of creation authorizing the person to do business in this state. Upon such cancellation, all of the powers, privileges, and franchises conferred upon that person by its document of creation shall cease, subject to section 1701.88 of the Revised Code. The secretary of state shall immediately notify the person of the action taken by the secretary, and shall also forward for filing a certificate of the action so taken to the county recorder of the county in which the principal place of business of the person in this state is located. No fee shall be charged for the filing.
Ohio Rev Code § 5726.41 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.41 | Penalty for Continuing After Cancellation.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|No person shall exercise, or attempt to exercise, any powers, privileges, or franchises under the person's document of creation after the document is canceled pursuant to section 5726.40 of the Revised Code. A penalty of one hundred dollars shall be imposed for each day a violation of this section occurs, up to a maximum penalty of five thousand dollars.
Ohio Rev Code § 5726.42 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.42 | Reinstatement.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|(A)(1) A person whose document of creation has been canceled by the secretary of state pursuant to section 5726.40 the Revised Code shall be reinstated and again entitled to exercise its rights, privileges, and franchises in this state upon compliance with all of the following: (a) Filing with the secretary of state a certificate from the tax commissioner that the person has complied with all the requirements of law as to tax reports and paid all taxes, fees, or penalties due thereon for every year of delinquency;(b) Payment to the secretary of state of any additional fees and penalties required to be paid to the secretary of state;(c) Payment to the secretary of state of an additional fee of ten dollars.Upon the person's compliance with this division, the secretary of state shall cancel the entry of cancellation filed under section 5726.40 of the Revised Code.(2) If a reinstatement is not made within one year from the date of cancellation of the document of creation, and if it appears that a document of creation has been issued to a person of the same or similar name as the applicant for reinstatement, the secretary of state shall require, as a condition prerequisite to such reinstatement, that the applicant amend its document of creation by changing the applicant's name.(B) Any officer, shareholder, creditor, or receiver of a person may at any time take all steps required by this section to effect a reinstatement.(C) The rights, privileges, and franchises of a person whose document of creation has been reinstated in accordance with this section are subject to section 1701.922 of the Revised Code.(D) Notwithstanding a violation of section 5726.41 of the Revised Code, upon reinstatement of a person's document of creation in accordance with this section, neither section 5726.40 nor section 5726.41 of the Revised Code shall be applied to invalidate the exercise or attempt to exercise any right, privilege, or franchise on behalf of the person by an officer, agent, or employee of the person after cancellation and prior to the reinstatement of the document of creation, if the conditions set forth in divisions (B)(1)(a) and (b) of section 1701.922 of the Revised Code are met.
Ohio Rev Code § 5726.43 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.43 | Quo Warranto Action.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|If any financial institution fails to make and file any return or report required under this chapter, or to pay the penalties provided by law for failure to make and file such reports or returns, for a period of ninety days after the time prescribed by law, the attorney general, on the request of the tax commissioner, shall commence an action in quo warranto in the court of appeals of the county in which the reporting person for the financial institution has its principal place of business in this state to forfeit and annul the privileges and franchises of each person included in the annual report of the financial institution. If the court is satisfied that any such financial institution is in default, it shall render judgment ousting each person included in the annual report of the financial institution from the exercise of its privileges and franchises within this state, and shall otherwise proceed as provided in sections 2733.01 to 2733.39 of the Revised Code.
Ohio Rev Code § 5726.50 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.50 | Tax Credits for Job Creation.

Effective: March 27, 2020|Latest Legislation:  House Bill 197 - 133rd General Assembly|(A) A taxpayer may claim a refundable tax credit against the tax imposed under this chapter for each person included in the annual report of the taxpayer that is granted a credit by the tax credit authority under section 122.17 or former division (B)(2) or (3) of section 122.171 of the Revised Code as those divisions existed before September 29, 2015. Such a credit shall not be claimed for any tax year following the calendar year in which a relocation of employment positions occurs in violation of an agreement entered into under section 122.17 or 122.171 of the Revised Code. For the purpose of making tax payments under this chapter, taxes equal to the amount of the refundable credit shall be considered to be paid on the first day of the tax year. (B) A taxpayer may claim a nonrefundable tax credit against the tax imposed under this chapter for each person included in the annual report of the taxpayer that is granted a nonrefundable credit by the tax credit authority under division (B) of section 122.171 of the Revised Code. A taxpayer may claim against the tax imposed by this chapter any unused portion of the credits authorized under division (B) of section 5733.0610 of the Revised Code.  (C) The credits authorized in divisions (A) and (B) of this section shall be claimed in the order required under section 5726.98 of the Revised Code. If the amount of a credit authorized in division (A) of this section exceeds the tax otherwise due under section 5726.02 of the Revised Code after deducting all other credits preceding the credit in the order prescribed in section 5726.98 of the Revised Code, the excess shall be refunded to the taxpayer.
Ohio Rev Code § 5726.52 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.52 | Tax Credit for Historic Building Rehabilitation.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|(A) As used in this section, "certificate owner" has the same meaning as in section 149.311 of the Revised Code. (B) A taxpayer may claim a refundable credit against the tax imposed by this chapter for each person included in the annual report of a taxpayer that is a certificate owner of a rehabilitation tax credit certificate issued under section 149.311 of the Revised Code. The credit shall equal twenty-five per cent of the dollar amount indicated on each certificate, but shall not exceed five million dollars for each certificate.The credit shall be claimed for the calendar year specified in the certificate and in the order required under section 5726.98 of the Revised Code. If the credit exceeds the amount of tax otherwise due in that year, the excess shall be refunded to the taxpayer, provided that, if any amount of the credit is refunded, the sum of the amount refunded and the amount applied to reduce the tax otherwise due in that year shall not exceed three million dollars. The taxpayer may carry forward any balance of the credit in excess of the amount claimed in that year for not more than five ensuing years, and shall deduct any amount claimed in any such year from the amount claimed in an ensuing year. A taxpayer may claim against the tax imposed by this chapter any unused portion of the credit authorized under section 5725.151 of the Revised Code, but only to the extent of the five-year carry forward period authorized by that section.(C) A taxpayer claiming a credit under this section shall retain the rehabilitation tax credit certificate for four years following the end of the year to which the credit was applied, and shall make the certificate available for inspection by the tax commissioner upon the request of the commissioner during that period.
Ohio Rev Code § 5726.53 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.53 | Tax Credit for Venture Capital Loan Loss.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|A taxpayer may claim a refundable credit against the tax imposed by this chapter for each person included in the annual report of the taxpayer that was issued a tax credit certificate by the Ohio venture capital authority under section 150.07 of the Revised Code. The amount of the credit shall equal the amount specified in the tax credit certificate. The credit shall be claimed for the tax year specified in the tax credit certificate. The taxpayer shall claim the credit in the order required under section 5726.98 of the Revised Code. If the credit amount exceeds the tax otherwise due under section 5726.02 of the Revised Code after deducting all other credits preceding the credit in the order prescribed in section 5726.98 of the Revised Code, the excess shall be refunded to the taxpayer.
Ohio Rev Code § 5726.55 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.55 | Motion Picture Production Tax Credit.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|(A) Any term used in this section has the same meaning as in section 122.85 of the Revised Code. (B) A taxpayer may claim a refundable credit against the tax imposed under this chapter for each person included in the annual report of the taxpayer that is a certificate owner of a tax credit certificate issued under section 122.85 of the Revised Code. The credit shall be claimed for the taxable year in which the certificate is issued by the director of development services. The credit amount equals the amount stated in the certificate. The credit shall be claimed in the order required under section 5726.98 of the Revised Code. If the credit amount exceeds the tax otherwise due under section 5726.02 of the Revised Code after deducting all other credits preceding the credit in the order prescribed in section 5726.98 of the Revised Code, the excess shall be refunded to the taxpayer.(C) Nothing in this section shall allow a taxpayer to claim more than one credit per tax credit-eligible production.
Ohio Rev Code § 5726.56 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.56 | Research and Development Tax Credit.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|(A) As used in this section, "qualified research expenses" has the same meaning as in section 41 of the Internal Revenue Code. (B) A taxpayer may claim a nonrefundable credit against the tax imposed under this chapter equal to seven per cent of the excess of (1) the qualified research expenses incurred by the taxpayer in this state in a taxable year over (2) the average annual qualified research expenses incurred by the taxpayer in this state in the three previous taxable years. For the purposes of this division, "qualified research expenses incurred by the taxpayer" includes the qualified research expenses incurred by all persons included in the annual report of the taxpayer and by any insurance company subject to the tax levied under section 5725.18 or Chapter 5729. of the Revised Code that has more than fifty per cent of its ownership interests directly or indirectly owned or controlled by a person included in the annual report of the taxpayer, even though such an insurance company is not subject to the tax imposed under this chapter.(C) A taxpayer shall claim the credit allowed under this section in the order prescribed by section 5726.98 of the Revised Code. If the amount of the credit exceeds the amount of tax otherwise due after deducting all other credits preceding the credit in the order prescribed in section 5726.98 of the Revised Code, the excess may be carried forward for not more than seven ensuing tax years. The amount of the excess credit claimed in any such year shall be deducted from the balance carried forward to the next tax year.(D) A taxpayer may claim against the tax imposed under this chapter any unused portion of a credit authorized under section 5733.351 of the Revised Code but only to the extent of the remaining portion of the seven-year carry-forward period authorized by that section.
Ohio Rev Code § 5726.57 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.57 | Nonrefundable Credit for Qualifying Dealers in Intangibles.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|(A) As used in this section, "qualifying dealer in intangibles" means a dealer in intangibles that is a member of a qualifying controlled group of which a financial institution is also a member on the first day of the financial institution's tax year. (B) For tax year 2014 there is hereby allowed to each financial institution a nonrefundable credit against the tax imposed by section 5726.02 of the Revised Code. The amount of the credit shall be computed in accordance with division (C) of this section. The credit shall be claimed in the order prescribed by section 5726.98 of the Revised Code. The credit shall not exceed the amount of tax otherwise due under section 5726.02 of the Revised Code after deducting any other credits that precede the credit claimed under this section in that order.(C) Subject to division (D) of this section, the amount of the credit equals the lesser of the amount described in division (C)(1) of this section or in division (C)(2) of this section.(1) The amount of tax that a qualifying dealer in intangibles paid under Chapter 5707. of the Revised Code during the calendar year immediately preceding the financial institution's tax year. Such amount shall be reduced, but not below zero, by any refunds of such tax received by the qualifying dealer in intangibles under Chapter 5703. of the Revised Code during that calendar year.(2) The product of the amounts described in divisions (C)(2)(a) to (c) of this section.(a) The cost of the financial institution's direct investment in the capital stock of the qualifying dealer in intangibles calculated on the last day of the financial institution's taxable year immediately preceding the tax year;(b) The ratio described in section 5725.15 of the Revised Code for the calendar year immediately preceding the financial institution's tax year;(c) The tax rate imposed under division (D) of section 5707.03 of the Revised Code for the calendar year immediately preceding the financial institution's tax year.(D)(1) The principles and concepts described in section 5733.057 of the Revised Code shall apply in determining whether a dealer in intangibles is a member of a qualifying controlled group of which the financial institution also is a member and to ascertain the cost of the financial institution's direct investment in the capital stock of the qualifying dealer in intangibles.(2) Notwithstanding section 5703.56 of the Revised Code to the contrary, a financial institution claiming the credit provided by this section has the burden to establish by a preponderance of the evidence that the doctrines enumerated in that section would not apply to deny to the financial institution all or a part of the credit otherwise provided by this section.
Ohio Rev Code § 5726.98 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.98 | Calculating Tax Due.

Effective: March 27, 2020|Latest Legislation:  House Bill 197 - 133rd General Assembly|(A) To provide a uniform procedure for calculating the amount of tax due under section 5726.02 of the Revised Code, a taxpayer shall claim any credits to which the taxpayer is entitled under this chapter in the following order:  The nonrefundable job retention credit under division (B) of section 5726.50 of the Revised Code;  The nonrefundable credit for purchases of qualified low-income community investments under section 5726.54 of the Revised Code;  The nonrefundable credit for qualified research expenses under section 5726.56 of the Revised Code;  The nonrefundable credit for qualifying dealer in intangibles taxes under section 5726.57 of the Revised Code;  The refundable credit for rehabilitating an historic building under section 5726.52 of the Revised Code;  The refundable job retention or job creation credit under division (A) of section 5726.50 of the Revised Code;  The refundable credit under section 5726.53 of the Revised Code for losses on loans made under the Ohio venture capital program under sections 150.01 to 150.10 of the Revised Code;  The refundable motion picture and broadway theatrical production credit under section 5726.55 of the Revised Code.  (B) For any credit except the refundable credits enumerated in this section, the amount of the credit for a taxable year shall not exceed the tax due after allowing for any other credit that precedes it in the order required under this section. Any excess amount of a particular credit may be carried forward if authorized under the section creating that credit. Nothing in this chapter shall be construed to allow a taxpayer to claim, directly or indirectly, a credit more than once for a taxable year.
Ohio Rev Code § 5726.99 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5726 | Financial Institutions Tax|Section 5726.99 | Minimum and Maximum Fines.

Effective: March 27, 2013|Latest Legislation:  House Bill 510 - 129th General Assembly|Whoever violates section 5726.41 of the Revised Code shall be fined not less than one hundred dollars or more than one thousand dollars.
Ohio Rev Code § 5727.02 (2021)
2021 Ohio Revised Code|Title 57 | Taxation|Chapter 5727 | Public Utilities|Section 5727.02 | Persons Excepted.

Effective: March 27, 2020|Latest Legislation:  House Bill 197 - 133rd General Assembly|As used in this chapter, "public utility," "electric company," "natural gas company," "pipe-line company," "water-works company," "water transportation company," or "heating company" does not include any of the following: (A)(1) Except as provided in division (A)(2) of this section, any person that is engaged in some other primary business to which the supplying of electricity, heat, natural gas, water, water transportation, steam, or air to others is incidental. (2) For tax year 2009 and each tax year thereafter, a person that is engaged in some other primary business to which the supplying of electricity to others is incidental shall be treated as an "electric company" and a "public utility" for purposes of this chapter solely to the extent required by section 5727.031 of the Revised Code. (3) For purposes of division (A) of this section and section 5727.031 of the Revised Code: (a) "Supplying of electricity" means generating, transmitting, or distributing electricity. (b) A person that leases to others energy facilities with an aggregate nameplate capacity in this state of two hundred fifty kilowatts or less per lease is not supplying electricity to others. (c) A person that owns, or leases from another person, energy facilities with an aggregate nameplate capacity in this state of two hundred fifty kilowatts or less is not supplying electricity to others, regardless of whether the owner or lessee engages in net metering as defined in section 4928.01 of the Revised Code. (d) A political subdivision of this state that owns an energy facility is not supplying electricity to others regardless of the nameplate capacity of the facility if the primary purpose of the facility is to supply electricity for the political subdivision's own use. As used in this division, "political subdivision" means a county, township, municipal corporation, or any other body corporate and politic that is responsible for government activities in a geographic area smaller than that of the state. (B) Any person that supplies electricity, natural gas, water, water transportation, steam, or air to its tenants, whether for a separate charge or otherwise; (C) Any person whose primary business in this state consists of producing, refining, or marketing petroleum or its products. (D) Any person whose primary business in this state consists of producing or gathering natural gas rather than supplying or distributing natural gas to consumers.