Ohio § 5747.41 Withholding tax on qualifying pass-through entity or trust having individual qualifying investor or beneficiary

Ohio Statutes

§ 5747.41 — Withholding tax on qualifying pass-through entity or trust having individual qualifying investor or beneficiary

Ohio § 5747.41

Title 57Taxation

Ch. 5747Income Tax

This text of Ohio § 5747.41 (Withholding tax on qualifying pass-through entity or trust having individual qualifying investor or beneficiary) 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. § 5747.41 (2026).

Text

For the same purposes for which the tax is levied under section5747.02of the Revised Code, there is hereby levied a withholding tax on every qualifying pass-through entity having at least one qualifying investor who is an individual and on every qualifying trust having at least one qualifying beneficiary who is an individual. The withholding tax imposed by this section is imposed on the sum of the adjusted qualifying amounts of a qualifying pass-through entity's qualifying investors who are individuals and on the sum of the adjusted qualifying amounts of a qualifying trust's qualifying beneficiaries, at a rate equal to the tax rate imposed on taxable business income under division (A)(4)(a) of section5747.02of the Revised Code.

The tax imposed by this section applies only if the qualifyin

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For the same purposes for which the tax is levied under section5747.02of the Revised Code, there is hereby levied a withholding tax on every qualifying pass-through entity having at least one qualifying investor who is an individual and on every qualifying trust having at least one qualifying beneficiary who is an individual. The withholding tax imposed by this section is imposed on the sum of the adjusted qualifying amounts of a qualifying pass-through entity's qualifying investors who are individuals and on the sum of the adjusted qualifying amounts of a qualifying trust's qualifying beneficiaries, at a rate equal to the tax rate imposed on taxable business income under division (A)(4)(a) of section5747.02of the Revised Code.

The tax imposed by this section applies only if the qualifying entity has nexus with this state under the Constitution of the United States for any portion of the qualifying entity's qualifying taxable year, and the sum of the qualifying entity's adjusted qualifying amounts exceeds one thousand dollars for the qualifying entity's qualifying taxable year.

The tax imposed under this section does not apply to a qualifying pass-through entity that makes an election under division (C) of section5747.38of the Revised Code to be subject to the tax levied under that section for the entity's qualifying taxable year.

Last updated July 28, 2022 at 4:03 PM