Changes In Ohio Commercial Activity Tax Take Effect In 2024
Sweeping changes are coming to Ohio’s Commercial Activity Tax (CAT) in 2024. After nearly twenty years without inflationary modifications, Ohio will no longer impose the annual minimum tax and has modified the annual exclusion. In addition, the new minimum tax threshold is much higher than the previous $150,000.
The Ohio Department of Taxation has created a page dedicated to explaining the changes including an FAQ section here, and an information release here.
Please feel free to reach out to us if you have any questions on these updates.
