Ohio Code § 5727.03
Ohio Code § 5727.03. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 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 .
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5727.03
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
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The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 5727.03 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 5727.03 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
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