As a reminder, major changes are coming to Ohio’s Commercial Activity Tax (CAT) beginning Jan. 1, 2024, and again on Jan. 1, 2025. This one-pager from the Ohio Department of Taxation provides details, as does the agency’s CAT page. Also, OMA Connections Partner Calfee has published this summary. While the changes bring welcome relief to smaller firms early on, the OMA has cautioned that the new rules will add more uncertainty for Ohio manufacturers of all sizes in future years, especially during the next recession. 12/27/2023
Ohio’s New CAT Rules Take Effect January 1
12/28/2023