Ohio Code § 5726.02
Ohio Code § 5726.02. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5726.02.
(A) For the purpose of funding the needs of this state and its local governments, there
is hereby levied a tax on each financial institution for the privilege of doing business
in this state. A financial institution is subject to the tax imposed under this chapter for each
calendar year that the financial institution conducts business as a financial institution
in this state or otherwise has nexus in or with this state under the Constitution
of the United States on the first day of January of that calendar year. (B) The amount of tax a financial institution other than a de novo bank organization
is required to pay under this chapter shall equal the greater of the minimum tax required
under division (A)(1)(a) of section 5726.04 of the Revised Code or the amount by which the tax calculated under division (A)(1)(b) of that section
exceeds any credits allowed against the tax. The amount of tax a de novo bank organization is required to pay under this chapter
shall equal the amount by which the tax calculated under division (A)(2) of section 5726.04 of the Revised Code exceeds any credits allowed against the tax.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5726.02
- 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 § 5726.02?
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 § 5726.02 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 § 5726.02 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Statutes are amended, repealed, and renumbered every session.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.