COLUMBUS — Ohio Lieutenant Governor Mary Taylor announced today that the insurance agent tax lien program has, as of September 2015, collected or set-up payment plans with agents for amounts totaling $15,149,631 in unpaid income tax, sales tax and workers’ compensation premium payments. Taylor introduced the program in May 2011 to recover funds that belong to the state and its citizens.
“Through this program we have recovered more than $15 million on behalf of Ohio taxpayers,” said Taylor, also Director of the Ohio Department of Insurance. “A significant monetary milestone has been reached but we remain focused on holding accountable those who are not fulfilling their tax payment obligations.”
The program is a partnership of the Ohio Department of Insurance, Ohio Department of Taxation and Ohio Attorney General’s Office. The Ohio Department of Insurance reviews renewal applications to make sure agents are in compliance with Ohio laws. Administrative action may be taken against an agent’s license if an outstanding judgment lien has been filed against the agent or their organization.
According to Ohio Revised Code, penalties may include revoking, suspending, or refusing to issue an insurance license. Civil penalties can be imposed if an agent or agency fails to comply with any official invoice, notice, assessment, or order directing payment of state income tax, state sales tax or workers’ compensation premiums.
Agents who are not in compliance should contact the Ohio Attorney General’s Collections Enforcement Office at 1-888-301-8885 to satisfy outstanding obligations to avoid administrative action against their insurance licenses. Agents may also contact the Ohio Department of Insurance Enforcement Division at 614-644-2560 for assistance.