Ohio Rev. Code § 145.52

April 6, 2007 House Bill 272 - 126th General Assembly (A) As used in this section and section 145.53 of the Revised Code, "transitional liability" means an amount equal to the employer obligation due under division (A) of section 145.51 of the Revised Code for the months of October, November, and December of 2007. (B) The transitional liability is payable in three installments on or before December 31, 2008, December 31, 2009, and December 31, 2010. (1) The first installment is due not later than December 31, 2008, and equals the portion of the transitional liability for the month of October 2007. (2) The second installment is due not later than December 31, 2009, and equals the portion of the transitional liability for the month of November 2007. (3) The third installment is due not later than December 31, 2010, and equals the portion of the transitional liability for the month of December 2007. (C) Interest and penalties for failing to pay amounts when due under division (B) of this section shall be calculated in accordance with division (C) of section 145.51 of the Revised Code.