Ohio § 5729.101
Full text of Ohio Ohio Revised Code § 5729.101, with citation guidance and answers to common questions.
§ 5729.101.
For the purposes of this section, interest shall be computed at a rate per calendar
month, rounded to the nearest one-hundredth of one per cent, equal to one-twelfth
of the rate per annum prescribed by section 5703.47 of the Revised Code for the calendar year that includes the month for which the interest accrues. (A) When taxes levied by this chapter or by section 3737.71 of the Revised Code are assessed as the result of a tax return being filed late, the treasurer of state
shall add interest to the taxes due. The interest shall accrue from the first day of the month following the last day
on which the taxes were required to be paid had the assessment been certified by the
date prescribed, to the last day of the month preceding the date on which the assessment
was certified, and shall be computed on the basis of the taxes due. (B) If an assessment has been certified pursuant to this chapter and an amended or final
assessment is certified for the same taxpayer and the same tax year, the treasurer
of state shall add interest to the deficiency or excess. The interest shall be computed on the excess or deficiency and shall accrue as follows: (1) On a deficiency, interest shall accrue from the first day of the month following
the last day on which the previous assessment was required to be paid to the last
day of the month preceding the date on which the amended or final assessment is certified. (2) On an excess, interest shall be allowed from the first day of the month following
the date of payment of the previous assessment to the last day of the month preceding
the date on which the amended or final assessment is certified.
Frequently Asked Questions About Ohio § 5729.101
What does Ohio Revised Code § 5729.101 cover?
Section 5729.101 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 § 5729.101?
A common citation format is "Ohio Revised Code § 5729.101" (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 § 5729.101 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.