If the laws of another state, territory, or nation authorize charges for the privilege of doing business therein or taxes against insurance companies organized in this state exceeding the charges provided in sections 5729.01 to 5729.15, inclusive, of the Revised Code, like amounts shall be charged against all insurance companies of such state, territory, or nation doing business in this state, instead of the charges provided by said sections.
Ohio Rev. Code Ann. § 5729.06
Retaliatory tax rate
Applied in 1 court decision — leading case 119 Ohio App. 251 - Reserve Life Ins. v. Bowers (1963)
Most recently applied in 119 Ohio App. 251 - Reserve Life Ins. v. Bowers (June 1963)
Effective: October 1, 1953; Latest Legislation: House Bill 1 - 100th General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.