Distributions - Kilowatt-Hour Tax (KWH/MCF)
The Kilowatt-Hour (KWH) and Natural Gas Consumption taxes
(MCF) were both enacted in 2001 to replace losses to local
governments and school districts due to the reduction in
tangible personal property tax assessment rates. Currently,
88.0% is paid into the state's General Revenue Fund, 9.0% of
KWH revenue is paid into the School District Property Tax
Replacement Fund (Fund 7053) and 3.0% of KWH revenue is paid
into the Local Government Property Tax Replacement Fund (Fund
054). Also, 100.0% of MCF revenue is paid into the state's
General Revenue Fund. Distribution to the county auditors of
KWH and MCF revenue is made twice a year (February and
August) by the Ohio Department of Taxation and Department of
Education.