Corporation Franchise Tax
Corporate Franchise Tax: Number of
Manufacturing Corporations and Reported Tax Liability by Tax
Base, Tax Year 2007
These tables show, for 11,295 manufacturing corporations, the
total reported post-40 percent phase-out tax liability, net
of tax credits and the manufacturing grant, amounted to
$277.0 million. Approximately 85 percent of the manufacturing
tax liability was based on net income while 14 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 2007 with the Ohio Department of Taxation.