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.

How do I determine my total Ohio equity capital?

Total Ohio equity capital is calculated by applying the apportionment factor to total equity capital. The apportionment factor is the financial institution's gross receipts in Ohio during the taxable year divided by the financial institution's gross receipts everywhere during the taxable year.

Gross receipts are sitused to Ohio in the proportion that the customers' benefit in this state with respect to services received bears to the customers' benefit everywhere with respect to services received.

In addition, deductions can be made if the financial institution's total equity capital includes investments in an Ohio-qualified real estate investment trust.