Ohio Commercial Activity Tax (Portfolio 2260)
This Portfolio traces the history and evolution of business taxation in Ohio and provides a comprehensive analysis of the Commercial Activity Tax (CAT).
The Bloomberg Tax Portfolio, Ohio Commercial Activity Tax gives a detailed discussion of the entities or “persons” subject to the CAT. It also discusses the federal and state constitutional limitations imposed on the state’s power to levy the CAT, as well as analyzes the applicability of federal statutory limitation Pub. L. No. 86–272 to Ohio’s power to assess the CAT.
The author provides a comprehensive overview of how to compute the CAT, and thoroughly covers the situsing rules that apply to various sales, leases, and services. Credits that may be claimed against the CAT are also discussed.
In addition, the Portfolio addresses the filing requirements that apply to combined taxpayer groups, common owners, and consolidated elected taxpayer groups.
Table of Contents
2260.01. BACKGROUND AND INTRODUCTION
2260.02. ENTITIES SUBJECT TO THE CAT
2260.03. CONSTITUTIONAL LIMITATIONS
2260.04. COMPUTATION OF THE CAT
2260.05. SITUSING THE CAT
2260.06. CONSOLIDATED ELECTED TAXPAYER (CET) GROUPS
2260.07. COMBINED RETURNS
2260.08. COMMON OWNERS
2260.09. TAX MEASURED BY GROSS RECEIPTS
2260.10. TAXATION OF MULTISTATE BUSINESSES
2260.11. TAX CREDITS
2260.12. GENERAL FILING REQUIREMENTS
2260.13. AUDITS, ASSESSMENTS, AND APPEALS
Managing Member and Founder
Zaino Hall & Farrin LLC