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.