Ohio § 5747.41
Full text of Ohio Ohio Revised Code § 5747.41, with citation guidance and answers to common questions.
§ 5747.41.
For the same purposes for which the tax is levied under section 5747.02 of the Revised Code , there is hereby levied a withholding tax on every qualifying pass-through entity
having at least one qualifying investor who is an individual and on every qualifying
trust having at least one qualifying beneficiary who is an individual. The withholding tax imposed by this section is imposed on the sum of the adjusted
qualifying amounts of a qualifying pass-through entity's qualifying investors who
are individuals and on the sum of the adjusted qualifying amounts of a qualifying
trust's qualifying beneficiaries, at a rate equal to the tax rate imposed on taxable
business income under division (A)(4)(a) of section 5747.02 of the Revised Code . The tax imposed by this section applies only if the qualifying entity has nexus with
this state under the Constitution of the United States for any portion of the qualifying
entity's qualifying taxable year, and the sum of the qualifying entity's adjusted
qualifying amounts exceeds one thousand dollars for the qualifying entity's qualifying
taxable year. The tax imposed under this section does not apply to a qualifying pass-through entity
that makes an election under division (C) of section 5747.38 of the Revised Code to be subject to the tax levied under that section for the entity's qualifying taxable
year.
Frequently Asked Questions About Ohio § 5747.41
What does Ohio Revised Code § 5747.41 cover?
Section 5747.41 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 § 5747.41?
A common citation format is "Ohio Revised Code § 5747.41" (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 § 5747.41 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.