Section 5751.03 | Commercial activity tax rate - computation.
Effective:
October 3, 2023
Latest Legislation:
House Bill 33 - 135th General Assembly
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.
Last updated August 8, 2023 at 11:12 AM
Available Versions of this Section
- January 1, 2013 – House Bill 508 - 129th General Assembly [ View January 1, 2013 Version ]
- September 29, 2013 – House Bill 59 - 130th General Assembly [ View September 29, 2013 Version ]
- June 30, 2021 – Amended by House Bill 110 - 134th General Assembly [ View June 30, 2021 Version ]
- October 3, 2023 – Amended by House Bill 33 - 135th General Assembly [ View October 3, 2023 Version ]