Am. Sub. H.B. 291 of the 115th General Assembly repealed all taxes levied for state purposes against deposits for all tax years after 1983 and against productive investments, unproductive investments, and money, credits, and all other taxable intangible personal property for all tax years after 1985.
That legislation did not repeal other provisions of the Revised Code related to the reporting and collection of such taxes.
Since these taxes are no longer levied against intangible personal property, any filing or reporting requirements in the Revised Code relative to these taxes have no practical purpose and should be disregarded, as to the tax on deposits for tax years after 1983, and as to the tax on investments and money, credits, and all other taxable intangibles for tax years after 1985, except to the extent that a taxpayer has failed to comply with the law for tax years prior to its effective repeal.
This rule does not apply to procedures related to the tax levied on shares of, and capital employed by, dealers in intangibles under division (D) of section 5707.03 of the Revised Code. Since that tax remains in effect, all provisions of the Revised Code relative to its reporting and collection are fully effective.