Ohio § 5739.133 Penalties for failure to remit - preassessment interest

Ohio Statutes

§ 5739.133 — Penalties for failure to remit - preassessment interest

Ohio § 5739.133

Title 57Taxation

Ch. 5739Sales Tax

This text of Ohio § 5739.133 (Penalties for failure to remit - preassessment interest) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 5739.133 (2026).

Text

(A)A penalty may be added to every amount assessed under section5739.13or5739.15of the Revised Code as follows:

(1)In the case of an assessment against a person who fails to collect and remit the tax required by this chapter or Chapter 5741. of the Revised Code, up to fifty per cent of the amount assessed;

(2)In the case of a person whom the tax commissioner believes has collected the tax but failed to remit it to the state as required by this chapter or Chapter 5741. of the Revised Code, up to fifty per cent of the amount assessed;

(3)In the case of all other assessments, up to fifteen per cent of the amount assessed. No amount assessed under section5739.13or5739.15of the Revised Code shall be subject to a penalty under this section in excess of fifty per cent of the amount assess

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(A) A penalty may be added to every amount assessed under section5739.13or5739.15of the Revised Code as follows:

(1) In the case of an assessment against a person who fails to collect and remit the tax required by this chapter or Chapter 5741. of the Revised Code, up to fifty per cent of the amount assessed;

(2) In the case of a person whom the tax commissioner believes has collected the tax but failed to remit it to the state as required by this chapter or Chapter 5741. of the Revised Code, up to fifty per cent of the amount assessed;

(3) In the case of all other assessments, up to fifteen per cent of the amount assessed.

No amount assessed under section5739.13or5739.15of the Revised Code shall be subject to a penalty under this section in excess of fifty per cent of the amount assessed.

(B) All assessments issued under section5739.13and5739.15of the Revised Code shall include preassessment interest computed at the rate per annum prescribed by section5703.47of the Revised Code. Beginning January 1, 1988, preassessment interest shall begin to accrue on the first day of January of the year following the date on which the person assessed was required to report and pay the tax under this chapter or Chapter 5741. of the Revised Code, and shall run until the date of the notice of assessment. If an assessment is issued within the first twelve months after the interest begins to accrue, no preassessment interest shall be assessed. With respect to taxes required to be paid under this chapter or Chapter 5741. of the Revised Code on or after January 1, 1998, interest shall accrue as prescribed in division (A) of section5739.132of the Revised Code.

(C) The commissioner may adopt rules providing for the imposition and remission of any penalty provided for under this section.