Terms Used In Ohio Code > Chapter 5749 - Severance Tax

• Another: when used to designate the owner of property which is the subject of an offense, includes not only natural persons but also every other owner of property. See Ohio Code 1.02
• Bond: includes an undertaking. See Ohio Code 1.02
• 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.
• Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• in writing: includes any representation of words, letters, symbols, or figures; this provision does not affect any law relating to signatures. See Ohio Code 1.59
• 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
• Property: means real and personal property. See Ohio Code 1.59
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Return: means any report or statement required to be filed pursuant to Chapter 5749 of the Revised Code used to determine the tax due. See Ohio Code 5749.01
• Rule: includes regulation. See Ohio Code 1.59
• Service of process: The service of writs or summonses to the appropriate party.
• Severance: means the extraction or other removal of a natural resource from the soil or water of this state. See Ohio Code 5749.01
• Severed: means the point at which the natural resource has been separated from the soil or water in this state. See Ohio Code 5749.01
• Severer: means any person who actually removes the natural resources from the soil or water in this state. See Ohio Code 5749.01
• state: means the state of Ohio. See Ohio Code 1.59
• Taxpayer: means any person required to pay the tax levied by Chapter 5749 of the Revised Code. See Ohio Code 5749.01
• 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. See Ohio Code 5749.01