§ 5703.051 — Procedure for certificate of abatement

Ohio § 5703.051

• Jurisdiction: Ohio
• Title 57: Taxation
• Ch. 5703: Department Of Taxation

Text

The tax commissioner may pay to the payee or transferee of a certificate of abatement, issued pursuant to division (B) of section5703.05of the Revised Code, the face amount of such certificate or, in the event such certificate is tendered in payment of other taxes pursuant to section5703.05,5725.08, or5725.16of the Revised Code, the tax commissioner may refund to such person an amount equal to the difference between the tax due and the face amount of the certificate. The tax commissioner shall certify the amount to be refunded to the director of budget and management and treasurer of state for payment from the tax refund fund created by section5703.052of the Revised Code.

If a certificate of abatement for a tax which by law is payable into a specified fund, is to be applied to a tax which by law is to be paid into another fund, the tax commissioner shall certify to the director for transfer from the tax refund fund to the fund accepting the certificate of abatement an amount sufficient to cover the amount of current tax reduction represented by the certificate of abatement.

Legislative History

Effective: July 1, 1985 | Latest Legislation: House Bill 201 - 116th General Assembly