Tag: Ohio

Ohio – Recent Changes to CAT Exclusion and Annual Minimum Tax

Nov 27, 2023

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by

Zhoudi Tang, CPA

in Tax Insight

Ohio has released recent guidance following the enactment of Am. Sub. H.B. 33. The major changes from the Information Release is summarized below: • Effective for tax periods beginning on and after January 1, 2024, the CAT annual minimum tax is eliminated.• For calendar year 2024, the exclusion amount is increased from $1 million to…