Legal Resources

Tax Reform Frequently Asked Questions

So if my business generates $3M in receipts, is my entire CAT obligation $2,100?

  • For a business with $3M in receipts, the annual minimum tax would be $2,100, and $5,200 for the additional CAT liability (.26% x ($3M gross receipts - $1M exclusion) for a total of $7,300 (an increase of $1,950).

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