Ohio § 5707.031
Full text of Ohio Ohio Revised Code § 5707.031, with citation guidance and answers to common questions.
§ 5707.031.
As used in this section, “qualifying dealer in intangibles” means a dealer in intangibles
that is a qualifying dealer in intangibles as defined in section 5733.45 of the Revised Code or a member of a qualifying controlled group, as defined in section 5733.04 of the Revised Code , of which an insurance company also is a member on the first day of January of the
year in and for which the tax imposed by section 5707.03 of the Revised Code is required to be paid by the dealer. Upon the issuance of a tax credit certificate by the Ohio venture capital authority
under section 150.07 of the Revised Code , a refundable credit may be claimed against the tax imposed on a qualifying dealer
in intangibles under section 5707.03 and Chapter 5725 . of the Revised Code. The credit shall be claimed on a return due under section 5725.14 of the Revised Code after the certificate is issued by the authority.
Frequently Asked Questions About Ohio § 5707.031
What does Ohio Revised Code § 5707.031 cover?
Section 5707.031 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5707.031?
A common citation format is "Ohio Revised Code § 5707.031" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5707.031 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.