Ohio § 5741.121

§ 5741.121.

(A) If the total amount of tax required to be paid by a seller or consumer under section 5741.12 of the Revised Code for any year equals or exceeds seventy-five thousand dollars, the seller or consumer

shall remit each monthly tax payment in the second ensuing and each succeeding year

on an accelerated basis as prescribed by division (B) of this section. If a seller's or consumer's tax payment for each of two consecutive years is less

than seventy-five thousand dollars, the seller or consumer is relieved of the requirement

to remit taxes on an accelerated basis for the year that next follows the second of

the consecutive years in which the tax payment is less than that amount, and is relieved

of that requirement for each succeeding year, unless the tax payment in a subsequent

year equals or exceeds seventy-five thousand dollars. The tax commissioner shall notify each seller or consumer required to make accelerated

tax payments of the seller's or consumer's obligation to do so and shall maintain

an updated list of those sellers and consumers.  Failure by the tax commissioner to notify a seller or consumer subject to this section

to remit taxes on an accelerated basis does not relieve the seller or consumer of

the obligation to remit taxes as provided under division (B) of this section. (B) Sellers and consumers required by division (A) of this section to make accelerated

tax payments shall electronically remit such payments to the tax commissioner, in

a manner approved by the commissioner, as follows: (1) On or before the twenty-third day of each month, a seller or consumer shall remit

an amount equal to seventy-five per cent of the anticipated tax liability for that

month. (2) On or before the twenty-third day of each month, a seller shall report the taxes

collected and a consumer shall report the taxes due for the previous month and shall

remit that amount, less any amounts paid for that month as required by division (B)(1)

of this section. The payment of taxes on an accelerated basis under this section does not affect a

seller's or consumer's obligation to file returns and pay the tax shown on the returns

to be due as required under section 5741.12 of the Revised Code . (C) A seller or consumer required by this section to remit taxes on an accelerated basis

may apply to the tax commissioner in the manner prescribed by the commissioner to

be excused from that requirement.  The commissioner may excuse the seller or consumer from remittance on an accelerated

basis for good cause shown for the period of time requested by the seller or consumer

or for a portion of that period. (D)(1)(a) If a seller or consumer that is required to remit payments under division (B) of

this section fails to make a payment required under division (B)(1) of this section,

or makes a payment under division (B)(1) of this section that is less than seventy-five

per cent of the actual liability for that month, the commissioner may impose an additional

charge not to exceed five per cent of that unpaid amount. (b) Division (D)(1)(a) of this section does not apply if the seller's or consumer's payment

under division (B)(1) of this section is equal to or greater than seventy-five per

cent of the seller's or consumer's reported liability for the same month in the immediately

preceding calendar year. (2) Any additional charge imposed under division (D)(1) of this section is in addition

to any other penalty or charge imposed under this chapter, and shall be considered

as revenue arising from taxes imposed under this chapter.  An additional charge may be collected by assessment in the manner prescribed by section 5741.13 of the Revised Code .  The tax commissioner may waive all or a portion of such a charge and may adopt rules

governing such waiver.