Effective Jan. 1, 2025, the annual exclusion amount for business increases from $3 million to $6 million. If your taxable gross receipts are $6 million or less, you will not have to pay the tax.
This flyer provides guidance on how businesses can close their CAT Account if needed. If anyone has questions regarding this, please direct them to call (888) 722-8829 or visit tax.ohio.gov/catlawchanges.