Corporation Franchise Tax
Corporate Franchise Tax: Number of
Manufacturing Corporations and Reported Tax Liability by Tax
Base, Tax Year 1994
These corporate franchise tax tables show the total reported
Ohio corporate franchise tax liability reported by 15,206
manufacturing corporations for tax year 1994 that amounted to
$332.6 million. The reported liability before credits was
$346.8 million, but tax credits reduced the net liability by
$14.2 million. About 77 percent of the manufacturing tax
liability was based on net income while about 23 percent was
paid on the net worth base. The remaining liability was
collected from the minimum tax.
Specifically, tables CF-3A and 3B show the number of
corporations and the reported total tax liabilities by tax
base for each of the manufacturing categories.
And, 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 1994 with the Ohio Department of Taxation.