Ohio Code 5749.01 – Severance tax definitions
As used in this chapter:
Terms Used In Ohio Code 5749.01
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Natural resource: means all forms of coal, salt, limestone, dolomite, sand, gravel, natural gas, and oil. See Ohio Code 5749.01
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: means any individual, firm, partnership, association, joint stock company, corporation, or estate, or combination thereof. See Ohio Code 5749.01
- Severance: means the extraction or other removal of a natural resource from the soil or water of this state. See Ohio Code 5749.01
- state: means the state of Ohio. See Ohio Code 1.59
(A) “Ton” shall mean two thousand pounds as measured at the point and time of severance, after the removal of any impurities, under such rules and regulations as the tax commissioner may prescribe.
(B) “Taxpayer” means any person required to pay the tax levied by Chapter 5749 of the Revised Code.
(C) “Natural resource” means all forms of coal, salt, limestone, dolomite, sand, gravel, natural gas, and oil.
(D) “Owner” and “exempt domestic well” have the same meanings as in section 1509.01 of the Revised Code.
(E) “Person” means any individual, firm, partnership, association, joint stock company, corporation, or estate, or combination thereof.
(F) “Return” means any report or statement required to be filed pursuant to Chapter 5749 of the Revised Code used to determine the tax due.
(G) “Severance” means the extraction or other removal of a natural resource from the soil or water of this state.
(H) “Severed” means the point at which the natural resource has been separated from the soil or water in this state.
(I) “Severer” means any person who actually removes the natural resources from the soil or water in this state.