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Business Tax Structure
Corporate Activity Tax The commercial activity tax, or CAT, is an annual tax on the net gross receipts of a businesses; activity within the state of Ohio. The CAT possesses a low rate (0.26 percent of gross receipts), a broad base (corporations and small business), and limited exemptions/credits (only four tax credits). As designed and structured, the CAT will not unfairly shift the tax burden to either businesses or individuals or unduly burden any one business sector or size of business within the state. Under the tax reform plan, the CAT became effective beginning July 1, 2005. |
