Generally speaking, anyone in business in Ohio is subject to tangible personal property tax on equipment, furniture, fixtures and inventory used in business.
Personal Property Tax is a current year tax, therefore, anyone in the State of Ohio engaged in business on January 1 must file a Personal Property Tax return for the current year.
This reform of Ohio tax law will affect most Ohio business and Ohio income taxpayers. Among the changes are an income tax cut, the phase-out of the tangible personal property and corporation ...