Ohio § 5725.15
Full text of Ohio Ohio Revised Code § 5725.15, with citation guidance and answers to common questions.
§ 5725.15.
The report required by section 5725.14 of the Revised Code shall include as taxable property all the shares of the dealer in intangibles, the
capital stock of which is divided into shares, representing capital employed in this
state, and the value of the property representing the capital, not divided into shares,
employed in this state by such dealer in intangibles, according to the aggregate fair
value of the capital, surplus, and undivided profits as shown in such report, including
in the case of an unincorporated dealer, the value of property converted into nontaxable
bonds or securities within the preceding year, without deduction for indebtedness
created in the purchase of such nontaxable bonds or securities. The filing by a dealer of the report required by section 5725.14 of the Revised Code shall be the preliminary assessment of the shares and property listed therein. If a dealer has separate offices, whether within this state only or within and without
this state, the dealer shall list the amount of capital employed in each office in
this state, which shall bear the same ratio to the entire capital of such dealer,
wherever employed, as the gross receipts of such office bears to the entire gross
receipts of such dealer, wherever arising. The aggregate book value of the capital, surplus, and undivided profits of a dealer
in intangibles as shown in such report shall be taken as the fair value thereof for
the purpose of the assessment required by this section, unless the commissioner finds
that such book value is greater or less than the then fair value of said capital,
surplus, and undivided profits. Claim for any deduction from book value of capital, surplus, and undivided profits
must be made in writing by the dealer in intangibles at the time of making the dealer's
return. Whenever the commissioner assesses the fair value of the capital, surplus, and undivided
profits of a dealer in intangibles at an amount in excess of the value thereof as
listed in the dealer's report, or assesses the shares or property of a dealer that
fails to file a return, the commissioner shall give notice and proceed as provided
in section 5711.31 of the Revised Code .
Frequently Asked Questions About Ohio § 5725.15
What does Ohio Revised Code § 5725.15 cover?
Section 5725.15 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 § 5725.15?
A common citation format is "Ohio Revised Code § 5725.15" (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 § 5725.15 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.