Where is the return filed? In the event there are no activi ties or locations in Ohio, this form should be filed with the.Due to the phase-out of the personal property tax in Ohio, the 2008 tax return will be the final annual personal property tax return required to be filed. In lieu of receipts, certificates or other evidence you may complete and execute the Affidavit on page 7 and complete the Personal Property Affidavit on page 8. The tangible personal property tax has been phased out for general business filers. Business Personal Property Tax is a tax assessed on tangible personal property businesses own. If you're unsure if you need to fill out a form for business property taxes, contact your local tax authority. In fact, Ohio is one of only a handful of states in the U.S. with no state level corporate income tax and no personal property tax. As a business owner, your business personal property is subject to ad valorem (based on value) taxes. This tax was on the tangible personal property in business for profit, gain or income, for example, machinery, furniture, fixtures or supplies.
