Personal Property Tax

County Bulletin

TO: ALL COUNTY AUDITORS BULLETIN NO. 151

FROM: STANLEY J. BOWERS, TAX COMMISSIONER

DATE: JUNE 7, 1960

RE: NEW CORPORATION

We have received information there has been some misunderstanding relative to requirements of filing personal property tax returns by a subsidiary corporation where it begins operations in Ohio in contrast to where a corporation through a division or branch extends its operations in Ohio.

This Bulletin is issued to clarify this situation.

Any new corporation, which begins operations in Ohio in a given year, is required to file, within ninety (90) days of such beginning, a current year’s personal property tax return under Section 5711.03 of the Ohio Revised Code. This holds true even though such corporation may be a subsidiary of another corporation which had previously filed a personal property tax return.

Where a new operation is begun during a current year by an existing and filing corporation (as the opening of a new store in a grocery chain or the expansion of a corporation by the creation of new division) such operation, whether in the same or another county, would not require the filing of a personal property tax return as a new taxpayer. Buckeye Furnace Pipe Company v. Peck, 159 Ohio St. 535.