5727.231 Valuation of property that is or part of qualifying nuclear resource receiving payments for nuclear resource credits.

The taxable property of an electric company that is or is part of a qualifying nuclear resource receiving payments for nuclear resource credits under section 3706.55 of the Revised Code for any part of a tax year may not be assessed for that year under section 5727.23 of the Revised Code at less than the taxable value of such property as of the effective date of H.B. 6 of the 133rd general assembly. The electric company may not value such property at less than its taxable value as of that date in its annual report filed under section 5727.08 of the Revised Code or file a petition for reassessment seeking a reduction in taxable value below the taxable value of such property as of that date, and the tax commissioner may not grant such a reduction, under section 5727.47 of the Revised Code.


Added by 133rd General Assembly File No. TBD, HB 6, §1, eff. 10/22/2019.