Ohio § 5727.24 Tax on gross receipts of natural gas company or combined electric and gas company

Ohio Statutes

§ 5727.24 — Tax on gross receipts of natural gas company or combined electric and gas company

Ohio § 5727.24

Title 57Taxation

Ch. 5727Public Utilities

This text of Ohio § 5727.24 (Tax on gross receipts of natural gas company or combined electric and gas company) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 5727.24 (2026).

Text

For the purpose of providing revenue to meet the needs of the state, on and after May 1, 2000, an excise tax is hereby levied on the gross receipts of a natural gas company and on the gross receipts of a combined company from operating as a natural gas company. The tax shall be computed by multiplying the taxable gross receipts as determined under section5727.33of the Revised Code by four and three-fourths per cent. A combined company shall be subject to this tax on any gross receipts derived from operating as a natural gas company, as determined under division (D) of section5727.03of the Revised Code, and, if applicable, shall be subject to the tax imposed by section5727.30of the Revised Code for all other gross receipts.

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For the purpose of providing revenue to meet the needs of the state, on and after May 1, 2000, an excise tax is hereby levied on the gross receipts of a natural gas company and on the gross receipts of a combined company from operating as a natural gas company. The tax shall be computed by multiplying the taxable gross receipts as determined under section5727.33of the Revised Code by four and three-fourths per cent. A combined company shall be subject to this tax on any gross receipts derived from operating as a natural gas company, as determined under division (D) of section5727.03of the Revised Code, and, if applicable, shall be subject to the tax imposed by section5727.30of the Revised Code for all other gross receipts.