Ohio Code § 5711.30
Ohio Code § 5711.30. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5711.30.
If any corporation, incorporated under the laws of this state or authorized to do
business in this state, declares a nominal dividend or distribution for the purpose
of enabling its shareholders residing in this state to return its shares as productive
investments, the tax commissioner, upon finding such to be the fact, shall assess
against such corporation a penalty equal to a tax of two mills on the dollar of the
true value in money of its share of stock owned by shareholders residing in this state. Such penalty shall be collected and distributed in the same manner as taxes levied
by section 5707.03 of the Revised Code .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5711.30
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 5711.30?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 5711.30 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 5711.30 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.