Form Mcf-2 - Instructions Sheet For Completing Natural Gas Distribution Company Tax Return Page 4
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4As an example: you distribute a total of 32,500 MCF’s in July, 33,500 MCF’s in August and
33,000 MCF’s in September. Since your tax is computed as if you distributed all the natural gas
rd
to a single customer, your liability for the 3
quarter return would be calculated as follows:
MCF’s
Rate
Tax
300
x
.1593
=
$ 47.79
5,700
x
.0877
=
$499.89
93,000
x
.0411
=
$3,822.30
Line 1 column B – Enter the MCF’s distributed at the $.1593 rate. Line 1 column C is the
MCF’s in column A times the tax rate of .1593.
Line 2 column B – Enter the MCF’s distributed at the $.0877 rate. Line 2 column C is the
MCF’s in column A times the tax rate of .0877.
Line 3 column B – Enter the MCF’s distributed at the $.0411 rate. Line 3 column C – is the
MCF’s in column A times the tax rate of .0411.
Line 4 column B - Enter the MCF’s distributed to all flex customers. Line 4 column C – Enter
the tax for all flex customers at this rate.
Line 5 – Enter the total of column C lines 1, 2, 3 and 4.
Line 6 – enter the interest due on late payment. The interest rate for 2001 is 9%. Multiply line 5
column C by the interest rate, divide by 365 and multiply by the number of days the payment is
late.
Line 7 – Enter the total of lines 5 and 6. This is the amount that you owe.
General Provisions
A return must be filed each quarter, even if there is no liability to report. All amounts are to be
rounded to the nearest dollar and MCF. Late returns may be subject to a late filing charge of up
to 10% of the tax liability or $50.00, whichever is greater. You will be billed for any applicable
late charge. The return and payment must be received by Taxation on or before the due date.
Please use the enclosed envelope when mailing your tax return and payment. Make checks
payable to Treasurer of State of Ohio and write your account number on the check.
Please direct any questions to our office:
Ohio Department of Taxation
Excise and Motor Fuel Tax Division
Excise Tax and Assessment Unit
P.O. Box 530
Columbus, OH 43216-0530
Phone (614) 466-3410
FAX (614) 752-8644
Web Site:
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