Ohio Admin. Code 113-4-01 - Insurance premium tax payments

The payment of any tax bill issued by the treasurer of state or the superintendent of insurance upon the mutual agreement of the superintendent and the treasurer pursuant to section 5725.22 of the Revised Code shall be made in accordance with the provisions of this rule.

(A) Method of payment

Payments must be made by electronic funds transfer and payable in United States dollars. The electronic funds transfer payment must clearly identify the specific taxpayer's account number so that proper credit can be given. Unidentifiable payments may be rejected at the discretion of the treasurer.

(B) Timeliness of payment

Regardless of the method of payment used, the The payment must be made to the treasurer on or before the due date specified on the tax bill or by the end of the first business day immediately following the due date, if such due date falls on a Saturday, a Sunday or a holiday. For purposes of determining the timeliness of a payment and the imposition of any penalty for late payment, as may be provided for by law, payment is considered to be made when it is deposited into the state's designated insurance premium bank account as a payment made by or on behalf of a specific taxpayer.received by the treasurer, irrespective of any United States postal service marking or other stamp or mark indicating the date on which the payment may have been mailed.

Notes

Ohio Admin. Code 113-4-01

Effective: 1/1/2024
Five Year Review (FYR) Dates: 10/17/2023 and 12/31/2028
Promulgated Under: 111.15
Statutory Authority: 113.08, 5725.22
Rule Amplifies: 113.08, 5725.22
Prior Effective Dates: 10/01/1987 (Emer.), 12/11/1987, 06/28/2007, 02/04/2013