Ohio § 5726.02
Full text of Ohio Ohio Revised Code § 5726.02, with citation guidance and answers to common questions.
§ 5726.02.
(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.
Frequently Asked Questions About Ohio § 5726.02
What does Ohio Revised Code § 5726.02 cover?
Section 5726.02 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 § 5726.02?
A common citation format is "Ohio Revised Code § 5726.02" (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 § 5726.02 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.