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175.03011 ADJUSTED FEDERAL TAXABLE INCOME. <br />"Adjusted federal. taxable income" means a"C" corporation's federal <br />taxable income before net operatinq losses and.special deductions as <br />determined under the, Inter.nal Revenue Code, but including subsequent <br />adjustments from recuired additions and deducfiions. Pass-through entities must <br />cornpute "Adjusted Federal Taxable Income" as ifthe pass-throu h.q_entit.y was a <br />"C" corporation. This defiinition does no# applv to any taxpayer required to file a <br />return under Ohio Revised Code (ORC) section 5745.03 or to the net profit from <br />a sole proprietorship This definition is effective for tax vears bectinnina on or <br />after January 1, 2004. X:\MayField\MFV Legis12005 Legis1175.03011.doc <br />