Ohio Code § 5745.031
Ohio Code § 5745.031. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 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.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5745.031
- 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
What is the source of Ohio Revised Code § 5745.031?
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 § 5745.031 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 § 5745.031 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Statutes are amended, repealed, and renumbered every session.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.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.