Ohio § 5727.03
Full text of Ohio Ohio Revised Code § 5727.03, with citation guidance and answers to common questions.
§ 5727.03.
(A) A combined company shall file a separate report under section 5727.08 of the Revised Code for each listed activity of a combined company. The tax commissioner shall separately value, apportion, and assess the company's
property. Divisions (B)(1), (2), and (3) of this section shall be used to determine the taxable
property that cannot be directly attributed to providing one of the listed activities
of a combined company. (B)(1) The taxable property to attribute to an electric company or a rural electric company
activity shall be the taxable cost of the property that cannot be directly attributed
to a listed activity of a combined company multiplied by a numerator that is the taxable
cost of property that can be directly attributed to the activity of an electric company
or a rural electric company and a denominator that is the sum of the taxable cost
that can be directly attributed to all the listed activities of a combined company. (2) The taxable property to attribute to a heating company activity shall be the taxable
cost of the property that cannot be directly attributed to a listed activity of a
combined company multiplied by a numerator that is the taxable cost of property that
can be directly attributed to the activity of a heating company and a denominator
that is the sum of the taxable cost that can be directly attributed to all listed
activities of a combined company. (3) The taxable property to attribute to a natural gas company activity shall be the
taxable cost of the property that cannot be directly attributed to a listed activity
of a combined company multiplied by a numerator that is the taxable cost of property
that can be directly attributed to the activity of a natural gas company and a denominator
that is the sum of the taxable cost that can be directly attributed to all the listed
activities of a combined company. (C) A combined company shall file a separate report under section 5727.31 of the Revised Code for each public utility activity subject to the excise tax imposed by section 5727.30 of the Revised Code . The tax commissioner shall exclude from the assessment issued by the tax commissioner
on or before the first Monday in November 2002, and thereafter, the taxable gross
receipts directly attributable to the activity of an electric company or a rural electric
company. In addition, the tax commissioner shall exclude the portion of taxable gross receipts
that cannot be attributed to a listed combined company activity or another public
utility activity subject to the excise tax imposed by section 5727.30 of the Revised Code by multiplying those taxable gross receipts by a numerator that is the taxable gross
receipts that can be directly attributed to an electric company or a rural electric
company activity, and a denominator that is the sum of the taxable gross receipts
that can be directly attributed to a listed combined company activity or another public
utility activity subject to the excise tax imposed by section 5727.30 of the Revised Code . (D) A combined company subject to the excise tax imposed by section 5727.24 of the Revised Code shall file a return under section 5727.25 of the Revised Code . The excise tax imposed by section 5727.24 of the Revised Code shall be levied only on the following gross receipts of a combined company: (1) The taxable gross receipts directly attributed to the activity of a natural gas company; (2) The portion of taxable gross receipts that cannot be directly attributed to a listed
combined company activity or another public utility activity subject to the excise
tax imposed by section 5727.30 of the Revised Code , by multiplying those taxable gross receipts by a numerator that is the taxable gross
receipts that can be directly attributed to a natural gas company activity, and a
denominator that is the sum of the taxable gross receipts that can be directly attributed
to a listed combined company activity or another public utility activity subject to
the excise tax imposed by section 5727.30 of the Revised Code .
Frequently Asked Questions About Ohio § 5727.03
What does Ohio Revised Code § 5727.03 cover?
Section 5727.03 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5727.03?
A common citation format is "Ohio Revised Code § 5727.03" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5727.03 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.