Frequently Asked Questions

The Ohio Department of Taxation has compiled a list of frequently asked questions covering many different categories.

To view the questions, click on the "Select Category" bar and then click on the category you are interested in.  A list of questions will appear pertaining to that category. Then click on the question you are inquiring about and the answer will appear.

Who is not subject to the FIT?

  • Diversified savings and loan holding companies,
  • Grandfathered unitary savings and loan holding companies, any entity that was a grandfathered unitary savings and loan holding company on January 1, 2012, or any entity that is not a bank organization or owned by a bank organization and that is owned directly or indirectly by an entity that was a grandfathered unitary savings and loan holding company on January 1, 2012,
  • Institutions organized under the "Federal Farm Loan Act" or a successor of such an institution,
  • Insurance companies,
  • Captive finance companies,
  • Credit unions, and
  • Institutions organized exclusively for charitable purposes.

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