Corporation Franchise Tax
Corporate Franchise Tax: Number of
Manufacturing Corporations and Reported Tax Liability by Tax
Base, Tax Year 2005
These tables show the total reported Ohio corporate franchise
tax liability after all credits reported by 10,312
manufacturing corporations for tax year 2005 amounted to
$233.2 million. The reported liability before credits was
$340.0 million, but tax credits reduced the net liability by
$106.8 million. Approximately 81 percent of the manufacturing
tax liability was based on net income while 19 percent was
paid on the net worth base. The remaining liability was
collected from the minimum tax.
Tables CF-3A and 3B show the number of corporations and the
reported total tax liabilities by tax base for each of the
Tables CF-4A and 4B show the manufacturing returns by the
size of the reported tax liability per return. The number of
corporations and total tax liability are shown for each of
the alternative tax bases for 18 tax liability classes.
The data shown on these tables were compiled from returns
filed for tax year 2005 with the Ohio Department of Taxation.
View all the Corporate Franchise Tables CF 1-5 cf1-5ty05.pdf