Frequently Asked Questions

The Ohio Department of Taxation has compiled a list of frequently asked questions covering many different categories.

To view the questions, click on the "Select Category" bar and then click on the category you are interested in.  A list of questions will appear pertaining to that category. Then click on the question you are inquiring about and the answer will appear.

What is the Financial Institutions Tax (FIT) and what entities are subject to it?

The FIT is a business privilege tax imposed on each financial institution conducting business in this state or otherwise having nexus in this state.