2006 Ohio Revised Code - 5727.24. Tax on gross receipts of natural gas company or combined electric and gas company.

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

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 section 5727.33 of 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 section 5727.03 of the Revised Code, and, if applicable, shall be subject to the tax imposed by section 5727.30 of the Revised Code for all other gross receipts. 
 

HISTORY: 148 v H 283 (Eff 9-29-99); 148 v H 640. Eff 6-15-2000.
 

Not analogous to former RC § 5727.24 (GC § 5462; 102 v 224, § 73; 124 v 449, § 3; Bureau of Code Revision, 10-1-53; 126 v 880; 130 v 1319; 138 v H 145; 140 v H 291), repealed 143 v S 156, § 2, eff 12-31-89.

The effective date is set by section 81 of HB 640. 

See provisions, §§ 11, 12 of SB 3 (148 v  - ), as amended by § 58 of HB 640 (148 v  - ), following RC § 5727.30. 

The provisions of § 176 of HB 283 (148 v  - ) read as follows: 

SECTION 176. The Public Utilities Commission shall not order any surcharge, refunds, or credits in the rates of any natural gas company or combined electric and gas company as a result of or in response to the amendment of sections 5727.01, 5727.30, 5727.31, 5727.311, 5727.32, 5727.33, 5727.38, 5727.42, 5727.48, 5727.50, and 5727.60 and the enactment of sections 5727.24, 5727.25, 5727.26, 5727.27, 5727.28, and 5727.29 of the Revised Code under this act. The commission is not precluded from considering the effects of the refund set forth in section 5727.29 of the Revised Code, as enacted by this act, in the context of adjusting rates in a rate proceeding under Chapters 4909. and 4929. of the Revised Code. 

See provisions, § 174 of HB 283 (148 v  - ), as amended by § 5 of SB 287 (148 v  - ), following RC § 5703.05.2. 

See provisions, § 174 of HB 283 (148 v  - ), as amended by § 66 of HB 640 (148 v  - ), following RC § 5703.05.2.