Corporation Franchise Tax
Corporate Franchise Tax: Number of
Manufacturing Corporations and Reported Tax Liability by Tax
Base, Tax Year 1997
These tables show the total reported Ohio corporate franchise
tax liability reported by 15,433 manufacturing corporations
for tax year 1996 that amounted to $429.7 million. The
reported liability before credits was $444.3 million, but tax
credits reduced the net liability by $14.6 million. About 82
percent of the manufacturing tax liability was based on net
income while about 18 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 1996 with the Ohio Department of Taxation.