Ohio Commercial Activities Tax (CAT)

@solarken  Your question implied that you are a small business.

If so, I would doubt that the CAT is applicable to you at all. There were major changes to it as of January 1st, 2024, and the minimum tax was eliminated altogether.

Reference: https://tax.ohio.gov/business/ohio-business-taxes/commercial-activities/commercial-activities

Yes, I just learned about the changes to CAT tax and my business is not likely to be subject to it in 2024 and the next few years, but I am asking for previous years where I did have to pay. I recently participated in the Voluntary Disclosure Program and had to pay for two previous years.

@solarken  Personally, I would track it as an Other Expense. As for the exact name, may as well just call it CATax.

I'm not particularly familiar with the CAT, but from what I understand, it's a tax you pay rather than one you collect.

In that light, it may be deductible; I've known some other local taxes to be. Since I could not find any specific documentation on it, it may be worth consulting with a local CPA, assuming that's not, well, you.

Thank you!