Who must file and pay the Corporate Franchise Tax?
A corporation organized for profit is subject to the franchise tax for each calendar year (tax year) that on the first day of January of that calendar year the corporation: 1) Does business in Ohio or 2) Owns or uses property, or capital in Ohio or 3) Holds an Ohio charter or 4) Holds a certificate of compliance (license) authorizing the corporation to do business in Ohio (applies to foreign corporation) or 5) Otherwise has nexus with Ohio
