Get the free Ohio Revised CodeChapter 5731 - ESTATE TAX - archives legislature state oh

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(123rd General Assembly) (Substitute Senate Bill Number 108)AN ACT To amend sections 1339.412, 5731.02, 5731.14, 5731.21, 5731.47, and 5731.48 and to enact section 5731.20 of the Revised Code to reduce

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What is ohio revised code chapter 5731?

Ohio Revised Code Chapter 5731 pertains to the taxation of estates and establishes the legal framework for estate tax in the state of Ohio.

Who is required to file ohio revised code chapter 5731?

Individuals or entities responsible for the estate of a deceased person whose gross estate exceeds the exemption limit set forth in Ohio law are required to file under this chapter.

How to fill out ohio revised code chapter 5731?

To fill out the Ohio Revised Code Chapter 5731 forms, one must gather all pertinent information about the deceased person's estate, including assets, debts, and any deductions, and complete the required forms as per the instructions provided by the Ohio Department of Taxation.

What is the purpose of ohio revised code chapter 5731?

The purpose of Ohio Revised Code Chapter 5731 is to impose an estate tax on the transfer of wealth upon death and to establish guidelines for the assessment and collection of this tax.

What information must be reported on ohio revised code chapter 5731?

Information that must be reported includes details of the deceased's assets, liabilities, any previous tax payments, exemptions, and deductions applicable to the estate.

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