Ohio’s budget (House Bill 33) — enacted last July — made significant changes to the state’s Commercial Activity Tax (CAT). Businesses subject to Ohio CAT should be aware of the updated rules. Get the details from OMA Connections Partner Schneider Downs, which advises current CAT taxpayers that anticipate having $3 million or less in taxable gross receipts in 2024 to file final returns and close their CAT accounts to avoid potential notices and assessments. OMA Connections Partner Clark Schaefer Hackett has also published this CAT guidance. 1/18/2024