Legal Resources - Tax Rules

Tax Rules: Final: 5703-3

5703-3-28- Certain corporations to file county supplemental returns

Under the provisions of section 5711.131 of the Revised Code, a corporation required to file a combined return with the tax commissioner may also be required to file informational returns with one or more county auditors. The tax commissioner hereby prescribes tax form 945-S, county supplemental return, for that purpose.

If a corporation is required to file an inter-county corporation return of taxable property with the tax commissioner, it must also file a separate county supplemental return, with the auditor of each county in which any of the following conditions exists:

(A) The listed value of tangible personal property reported by the corporation in any taxing district increases or decreases by five hundred thousand dollars or more from that reported by the same corporation in the same taxing district for the previous year, or

(B) The corporation is not required to list tangible personal property in a given taxing district for the current year, but the listed value reported by that corporation in the same taxing district for the previous year was five hundred thousand dollars or more, or

(C) The corporation was not required to list tangible personal property in a given taxing district for the previous year, but the listed value of tangible personal property reported by that corporation in the same taxing district for the current year is five hundred thousand dollars or more, or

(D) A claim for deduction from book value is filed pursuant to section 5711.18 of the Revised Code, and the listed value in any taxing district resulting from such claim is reduced by five hundred thousand dollars or more from the listed value reported by the same corporation in the same taxing district for the previous year.

The county supplemental return must be filed with the auditor of each county so affected at the same time the inter-county corporation return of taxable property is filed with the tax commissioner. In the event the tax commissioner has granted an extension of time in which to file the inter-county corporation return of taxable property, the same extension shall automatically apply to the filing of a county supplemental return with a county auditor.

Effective: 11-26-80

Promulgated under: 5703.14

Authorized by: 5703.14

Amplifies: 5703.14, 5711.131