(A)Every
contributory employer subject to Chapter 4141. of the Revised Code shall pay
contributions on its taxable payroll for each calendar quarter at a rate
determined by the director in accordance with the requirements of Chapter 4141.
of the Revised Code. Such payment is due and payable no later than the last day
of the first month following the close of the calendar quarter for which such
contributions are payable.
(B)When a
contributory employer becomes subject to Chapter 4141. of the Revised Code in
any calendar quarter and thereby incurs liability for contributions for prior
quarters in the same calendar year, payment of such contributions is due and
payable on the last day of the first month following the close of the calendar
quarter in which the employer became subject to Chapter 4141. of the Revised
Code.
(C)Any
contribution, payment in lieu of contribution, interest, forfeiture, or fine
due from an employer on or after January 1, 1993, shall, if not paid when due,
bear interest at the annual rate of fourteen per cent compounded monthly on the
aggregate receivable balance due. In such computation any fraction of a month
shall be considered as a full month.
Five Year Review (FYR) Dates: 4/21/2020 and 04/21/2025
Certification: CERTIFIED ELECTRONICALLY
Date: 04/21/2020
Promulgated Under: 119.03
Statutory Authority: 4141.13
Rule Amplifies: 4141.23
Prior Effective Dates: 01/01/1972, 07/03/1986, 12/30/1991,
01/01/1993, 03/26/1999, 01/15/2001, 06/01/2015