Ohio § 5745.031
Full text of Ohio Ohio Revised Code § 5745.031, with citation guidance and answers to common questions.
§ 5745.031.
An electric light company that is not an electric company or a combined company may
elect to be a taxpayer for the purposes of this chapter if not less than fifty per
cent of the company's total sales in this state consist of electricity, as determined
under section 5733.059 of the Revised Code , and other energy commodities during the taxpayer's most recently concluded taxable
year. The company shall make the election by application in writing to the tax commissioner
before the first day of the first taxable year to which the election is to apply. The election is effective for five consecutive taxable years and, once made, is
irrevocable for the five taxable years for which the election was made. The failure of such a company to make an election under this section shall not be
construed to exempt or exclude such a company from the income tax of any municipal
corporation.
Frequently Asked Questions About Ohio § 5745.031
What does Ohio Revised Code § 5745.031 cover?
Section 5745.031 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 § 5745.031?
A common citation format is "Ohio Revised Code § 5745.031" (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 § 5745.031 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.