Legal Resources - Tax Rules

Tax Rules: Final: 5703-33

5703-33-03     Notification of change in ownership or applicability of chapter.

(A) When a person is no longer subject to the tax imposed by this chapter, the person shall notify the commissioner of this change in writing on a form available on the department of taxation’s web site.

(B) If the ownership structure of a financial institution changes such that a person is no longer includable in the annual report of the financial institution, the reporting person for the financial institution shall notify the commissioner of the change when the reporting person files its next annual report or in writing prior to the due date of that report. Persons wishing to notify the commissioner of such change prior to filing the next annual report may obtain a form on the department of taxation’s web site.

(C) In accordance with paragraph (A) of this rule, the following form, located on the department’s website at http://www.tax.ohio.gov/Forms, is incorporated in this rule by reference: "FIT CA Request to Cancel Account," revised October 2013.

(D) In accordance with paragraph (B) of this rule, the following form, located on the department’s website at http://www.tax.ohio.gov/Forms, is incorporated in this rule by reference: "FIT AR ADD/REMOVE a Member to/from a Consolidated Group Financial Institutions Tax (FIT)," revised October 2013.

Effective: 01-01-2014

Promulgated Under: 5703.14

Statutory Authority: 5703.05

Rule Amplifies: 5726.36