Ohio § 5703.261
Full text of Ohio Ohio Revised Code § 5703.261, with citation guidance and answers to common questions.
§ 5703.261.
(A) As used in this section: (1) “Instrument” has the same meaning as in section 1303.03 of the Revised Code . (2) “Financial transaction device” has the same meaning as in section 113.40 of the Revised Code . (B) If a taxpayer or employer required by any tax administered by the department of taxation
to pay taxes, penalties, interest, or other charges arising from unpaid taxes makes
payment of the taxes, penalties, interest, or other charges with a dishonored instrument,
an instrument that is determined to be nonnegotiable, or with any financial transaction
device that is declined, returned, or dishonored, a penalty of fifty dollars shall
be added to the amount due. The penalty imposed by this section shall be assessed and collected in the same
manner as the taxes, penalties, interest, or other charges. All or part of any penalty imposed under this section may be abated by the tax commissioner. The commissioner may assess only one penalty under this section against the same
instrument or the same financial transaction device for the same payment.
Frequently Asked Questions About Ohio § 5703.261
What does Ohio Revised Code § 5703.261 cover?
Section 5703.261 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 § 5703.261?
A common citation format is "Ohio Revised Code § 5703.261" (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 § 5703.261 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.