Ohio § 5745.09
Full text of Ohio Ohio Revised Code § 5745.09, with citation guidance and answers to common questions.
§ 5745.09.
(A) In case of any underpayment of the estimated tax under section 5745.04 of the Revised Code , the tax commissioner may add to the tax an amount determined at the rate per annum
prescribed by section 5703.47 of the Revised Code upon the amount of underpayment for the period of underpayment. (B) The amount of the underpayment shall be the excess of division (B)(1) over division
(B)(2) of this section: (1) The amount of the estimated tax payment that would be required to be paid for the
taxable year if the total estimated tax were equal to the total tax shown to be due
on the annual report, or if no report was filed, the tax for such year; (2) The amount, if any, of the estimated tax paid on or before the last day prescribed
for such payment. (C) The period of the underpayment shall run from the date the estimated tax payment
was required to be made to the date on which such payment is made. For purposes of this section, a payment of estimated tax on any payment date shall
be considered a payment of any previous underpayment only to the extent such payment
exceeds the amount of the payment presently due. (D) All amounts collected under this section shall be considered as taxes collected under
this chapter and shall be credited and distributed to municipal corporations in the
same proportions as the taxpayer's taxes are distributed for the reporting period
under section 5745.05 of the Revised Code or, if the taxpayer has filed the annual report for the year under section 5745.03 of the Revised Code , in the amounts found to be due to such municipal corporations on the basis of the
annual report.
Frequently Asked Questions About Ohio § 5745.09
What does Ohio Revised Code § 5745.09 cover?
Section 5745.09 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 § 5745.09?
A common citation format is "Ohio Revised Code § 5745.09" (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 § 5745.09 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.