Ohio § 5727.25

§ 5727.25.

(A) Except as provided in division (B) of this section, within forty-five days after

the last day of March, June, September, and December, each natural gas company or

combined company subject to the excise tax imposed by section 5727.24 of the Revised Code shall file a return with the tax commissioner, in such form as the commissioner prescribes,

and pay the full amount of the tax due on its taxable gross receipts for the preceding

calendar quarter.  All payments made under this division shall be made electronically in accordance

with section 5727.311 of the Revised Code . (B) Any natural gas company or combined company subject to the excise tax imposed by

this section that has an annual tax liability for the preceding calendar year ending

on the thirty-first day of December of less than three hundred twenty-five thousand

dollars may elect to file an annual return with the tax commissioner, in such form

as the commissioner prescribes, for the next year.  A company that elects to file an annual return for the calendar year shall file

the return and remit the taxes due on its taxable gross receipts within forty-five

days after the thirty-first day of December.  The minimum tax for a natural gas company or combined company subject to this division

shall be fifty dollars, and the company shall not be required to remit the tax due

electronically. (C) A return required to be filed under division (A) or (B) of this section shall show

the amount of tax due from the company for the period covered by the return and any

other information as prescribed by the tax commissioner.  A return shall be considered filed when received by the commissioner.  The commissioner may extend the time for making and filing returns and paying the

tax. (D) Any natural gas company or combined company that fails to file a return or pay the

full amount of the tax due within the period prescribed under this section shall pay

an additional charge of fifty dollars or ten per cent of the tax required to be paid

for the reporting period, whichever is greater.  If any tax due is not paid timely in accordance with this section, the company liable

for the tax shall pay interest, calculated at the rate per annum prescribed by section 5703.47 of the Revised Code , from the date the tax payment was due to the date of payment or to the date an assessment

was issued, whichever occurs first.  The tax commissioner may collect any additional charge or interest imposed by this

section by assessment in the manner provided in section 5727.26 of the Revised Code .  The commissioner may abate all or a portion of the additional charge and may adopt

rules governing such abatements. (E) The taxes, additional charges, penalties, and interest collected under sections 5727.24 to 5727.29 of the Revised Code shall be credited in accordance with section 5727.45 of the Revised Code .