Ohio Code § 5729.101
Ohio Code § 5729.101. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5729.101.
For the purposes of this section, interest shall be computed at a rate per calendar
month, rounded to the nearest one-hundredth of one per cent, equal to one-twelfth
of the rate per annum prescribed by section 5703.47 of the Revised Code for the calendar year that includes the month for which the interest accrues. (A) When taxes levied by this chapter or by section 3737.71 of the Revised Code are assessed as the result of a tax return being filed late, the treasurer of state
shall add interest to the taxes due. The interest shall accrue from the first day of the month following the last day
on which the taxes were required to be paid had the assessment been certified by the
date prescribed, to the last day of the month preceding the date on which the assessment
was certified, and shall be computed on the basis of the taxes due. (B) If an assessment has been certified pursuant to this chapter and an amended or final
assessment is certified for the same taxpayer and the same tax year, the treasurer
of state shall add interest to the deficiency or excess. The interest shall be computed on the excess or deficiency and shall accrue as follows: (1) On a deficiency, interest shall accrue from the first day of the month following
the last day on which the previous assessment was required to be paid to the last
day of the month preceding the date on which the amended or final assessment is certified. (2) On an excess, interest shall be allowed from the first day of the month following
the date of payment of the previous assessment to the last day of the month preceding
the date on which the amended or final assessment is certified.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5729.101
- 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 § 5729.101?
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 § 5729.101 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 § 5729.101 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.
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