FAQs - Commercial Activity Tax (CAT)

Why was a “dealers in intangibles that pays the Ohio dealers in intangibles tax” removed from the list of excluded persons?

The dealers in intangibles tax is eliminated beginning in 2014. As such, the previously termed dealers in intangibles will be subject to the commercial activity tax unless such entity meets the definition of an excluded person. One common way a dealer in intangibles would meet this definition is if it is an affiliate of a financial institution that is paying the financial institutions tax.