Frequently Asked Questions

The Ohio Department of Taxation has compiled a list of frequently asked questions covering many different categories.

To view the questions, click on the "Select Category" bar and then click on the category you are interested in.  A list of questions will appear pertaining to that category. Then click on the question you are inquiring about and the answer will appear.

Isn’t this a tax increase on small businesses?

  • Businesses with $1M or less in taxable gross receipts will see no increase in their CAT liabilities. However, businesses with receipts in excess of $1M will see an increase in their annual minimum tax obligation. That increase will be as follows:
    • More than $1M up to $2M: $800 (an increase of $650)
    • More than $2M up to $4M: $2,100 (an increase of $1,950)
    • More than $4M: $2,600 (an increase of $2,450)
  • These modest increases will be largely offset for many with the small business investor deduction available to pass-through entities on Ohio’s individual income tax.