Ohio § 5711.14
Full text of Ohio Ohio Revised Code § 5711.14, with citation guidance and answers to common questions.
§ 5711.14.
A corporation which owns or controls at least fifty-one percent of the common stock
of another corporation may, under uniform regulations prescribed by the tax commissioner,
make a consolidated return for the purpose of sections 5711.01 to 5711.36, inclusive, of the Revised Code . In such case all the taxable property mentioned in section 5709.01 of the Revised Code , belonging to the corporation making the return and to each of its subsidiaries shall
be listed and assessed in the name of the separate owners thereof; but the parent
corporation making such return shall not be required to list any of its investments
in the stocks, securities, and other obligations of its subsidiaries, and in computing
the amount of taxable credits inter-company accounts shall be eliminated. The commissioner may adopt regulations to govern the use of consolidated returns
authorized by this section, but a corporation which avails itself of the option permitted
or authorized by this section shall thereafter continue to file consolidated returns
until the parent corporation notifies the commissioner in writing, on or before the
twentieth day of April of the year in which the return is due, that it does not intend
to file a consolidated return for such year. A husband and wife living together may, under uniform regulations prescribed by the
commissioner, make a joint return for the purpose of sections 5711.01 to 5711.36, inclusive, of the Revised Code . In such case investments of either spouse in the obligations of the other shall
not be required to be listed therein, and in computing the amount of taxable credits
such obligations shall be eliminated.
Frequently Asked Questions About Ohio § 5711.14
What does Ohio Revised Code § 5711.14 cover?
Section 5711.14 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5711.14?
A common citation format is "Ohio Revised Code § 5711.14" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5711.14 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.