Personal Property Tax

County Bulletin

TO: ALL COUNTY AUDITORS - Bulletin No. 161

FROM: Stanley J. Bowers, Tax Commissioner August 15, 1961

RE: Tax Treatment of Professional Associations Formed Pursuant to Sections 1785.01 to 1785.08, inclusive,of the Revised Code, effective October 17, 1961.

After giving careful consideration to Amended Senate Bill No. 550, enacted by 104th General Assembly, it is the position of the Department of Taxation that any association of certified public accountants, licensed public accountants, architects, attorneys, dentists, pharmacists, optometrists, physicians, surgeons, practitioners of limited branches of medicine or surgery as defined in Section 4731.15 of the Revised Code, professional engineers and veterinarians, formed pursuant to the provisions of Sections 1785.01 to 1785.08, inclusive, of the Revised Code, effective October 17, 1961, will be required to return as a corporation for purposes of taxation in Ohio. Therefore, as regards taxation, all constitutional, statutory and administrative provisions applicable to corporations will be applicable to these associations.