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The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.
Oregon - Oregon levies a Commercial Activity Tax on businesses with more than $1 million of taxable revenue per year. This tax is equal to $250 plus 0.57% of the taxpayer's revenue. [10] Ohio - Ohio imposes a Commercial Activity Tax on businesses with taxable gross receipts of $150,000 or more per year. [11]
Ohio has replaced its corporate income tax with a gross receipts tax called the Commercial Activity Tax (CAT). [229] Businesses with annual taxable gross receipts of more than $150,000 are subject to an annual minimum CAT of $150. [ 229 ]
Does Ohio's expanded sales tax holiday also exempt local sales tax? What to know about your county's sales tax rate.
The Commercial Driver's License (CDL) Training Program will provide $3 million in tax credits to Ohio employers to support the upskilling of ... Ohio launches tax credit program for Commercial ...
If you were charged sales tax during the Ohio sales tax holiday, you can file to get a refund, according to the Ohio Department of Taxation. If you look back at your receipts during the holiday ...
Ohio also has a gross receipts tax called the Commercial Activity Tax (CAT) that is applicable only to businesses but shares some similarities to a sales tax. "Food for human consumption off the premises where sold" is exempt from sales tax, with the exception of sodas and alcoholic beverages which are taxed at the full rate.
The Ohio Department of Taxation is the administrative department of the Ohio state government [1] responsible for collection and administration of most state taxes, several local taxes and the oversight of real property taxation.