Ohio Admin. Code 5703-3-03 - Filing of balance sheets; effect of repeal and reduction of listing percentage
(B) Amended Substitute House Bill 66
of the 126th General Assembly, effective with the 2008 return year, adjusted
the listing percentage for returning personal property for taxation to zero per
cent; therefore, general personal property taxpayers no longer need to file
returns after the 2008 return year. However, relevant rules remain effective,
particularly for the 2008 return and prior years to the extent that a taxpayer
has failed to comply with the law for tax years prior to its effective
repeal.
(C) The following form, located on
the department's website at http://www.tax.ohio.gov/ Forms, is incorporated in
this rule by reference: "Form 921: Ohio Balance Sheet," revised November
2007.
Notes
Promulgated Under: 119
Statutory Authority: 5703.05
Rule Amplifies: 5711.101, 5711.27
Prior Effective Dates: 07/25/1939, 08/07/2014
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