Ohio § 5727.111
Full text of Ohio Ohio Revised Code § 5727.111, with citation guidance and answers to common questions.
§ 5727.111.
As used in this section, “ convert ” means to switch fuel input from one energy source to another and “ repower ” means to replace enough of the original taxable production equipment to make an
original production facility equivalent to a new facility, such that at least eighty
per cent of the true value of the taxable production equipment is derived from new
taxable production equipment installed as part of the replacement project. The taxable property of each public utility, except a railroad company, and of each
interexchange telecommunications company shall be assessed at the following percentages
of true value: (A) In the case of a rural electric company, one of the following: (1) Fifty per cent in the case of its taxable transmission and distribution property
or energy conversion equipment first subject to taxation in this state before tax
year 2027; (2) Seven per cent in the case of its taxable production and energy conversion equipment
first subject to taxation in this state for tax year 2027 and thereafter or any other
taxable production equipment that is either converted or repowered; (3) Twenty-five per cent in the case of all its other taxable property. (B) In the case of a telephone or telegraph company, twenty-five per cent for taxable
property first subject to taxation in this state for tax year 1995 or thereafter for
tax years before tax year 2007, and pursuant to division (H) of section 5711.22 of the Revised Code for tax year 2007 and thereafter, and the following for all other taxable property: (1) For tax years prior to 2005, eighty-eight per cent; (2) For tax year 2005, sixty-seven per cent; (3) For tax year 2006, forty-six per cent; (4) For tax year 2007 and thereafter, pursuant to division (H) of section 5711.22 of the Revised Code . (C) Twenty-five per cent in the case of (1) a natural gas company or (2) a water-works
company for taxable property first subject to taxation in this state for tax year
2017 and thereafter. (D) Eighty-eight per cent in the case of a water-works company for taxable property first
subject to taxation in this state before tax year 2017, or a heating company. (E) In the case of an electric company, one of the following: (1) Eighty-five per cent in the case of its taxable transmission and distribution property
and energy conversion equipment first subject to taxation in this state before tax
year 2027; (2) Twenty-five per cent in the case of its other taxable transmission and distribution
property; (3) Seven per cent in the case of its taxable production and energy conversion equipment
first subject to taxation in this state for tax year 2027 and thereafter or any other
taxable production equipment that is either converted or repowered; (4) Twenty-four per cent in the case of all its other taxable property. (F)(1) Twenty-five per cent in the case of an interexchange telecommunications company for
tax years before tax year 2007; (2) Pursuant to division (H) of section 5711.22 of the Revised Code for tax year 2007 and thereafter. (G) Twenty-five per cent in the case of a water transportation company. (H) In the case of an energy company, one of the following: (1) Eighty-five per cent in the case of its taxable transmission and distribution property
first subject to taxation in this state before tax year 2027; (2) Twenty-five per cent in the case of its other taxable transmission and distribution
property; (3) Seven per cent in the case of its taxable production and energy conversion equipment
first subject to taxation in this state for tax year 2027 and thereafter or any other
taxable production equipment that is either converted or repowered; (4) Twenty-four per cent in the case of its other taxable production equipment; (5) Eighty-five per cent in the case of all its other taxable property. (I) In the case of a pipeline company, one of the following: (1) Eighty-eight per cent of its taxable property first subject to taxation in this state
before tax year 2027; (2) Twenty-five per cent in the case of all its other taxable property.
Frequently Asked Questions About Ohio § 5727.111
What does Ohio Revised Code § 5727.111 cover?
Section 5727.111 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 § 5727.111?
A common citation format is "Ohio Revised Code § 5727.111" (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 § 5727.111 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.