Ohio Rev. Code § 5751.03

Current with legislation from 2024 received as of August 15, 2024.
Section 5751.03 - Commercial activity tax rate - computation

The rate of tax levied under section 5751.02 of the Revised Code for each tax period shall be two and six-tenths mills per dollar times the taxpayer's taxable gross receipts for the tax period after subtracting the exclusion amount for the calendar year.

Each taxpayer shall apply the full exclusion amount to the first calendar quarter return the taxpayer files that calendar year and may carry forward and apply any unused exclusion amount to subsequent calendar quarters within that same calendar year.

R.C. § 5751.03

Amended by 135th General Assembly, HB 33,§101.01, eff. 10/3/2023, app. to tax periods beginning on and after January 1, 2024 (vetoed provisions).
Amended by 134th General Assembly, HB 110,§101.01, eff. 6/30/2021.
Amended by 130th General Assembly, HB 59,§101.01, eff. 9/29/2013.
Amended by 129th General Assembly, HB 508, §1, eff. 1/1/2013.
Amended by 128th General Assembly, HB 1, §101.01, eff. 10/16/2009.
Effective Date: 06-30-2005 .
See 130th General Assembly, HB 59, §803.90.
See 129th General Assembly, HB 508, §757.40.