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hio

tax..gov

his guide provides answers to manyof the tax questions frequently askedby individuals who operate a businessor who want to start a business in Ohio. It isparticularly designed to assist small, start-upbusinesses.Ohio’s business taxes are now undergoing adramatic transformation intended to make theBuckeye State a friendlier place to do business.To that end, the corporation franchise tax andthe tangible per-sonal property taxare being phasedout. In their place,a new commercialactivity tax (CAT)is being phased inwith a broad baseand a low rate.Other changes in-clude a 21 percentcut in income taxrates gradually be-ing phased in overﬁve years.In addition tothis restructuringof the tax system,Ohio also offers a number of incentives to at-tract new businesses and encourage businessexpansion. These incentives are administeredby the Ohio Department of Development, incoordination with other state and local agen-cies. More can be learned by visiting the

busi-ness.ohio.gov

Web site.This publication is offered as an informa-tional resource to all businesses looking forhelp in complying with Ohio’s state and localtax laws. Each section explains the tax’s gen-eral provisions, who pays the tax, the tax baseand rates, any credits that apply, filing proce-dures, the primary forms used, and importantsteps to take if a business is shut down. The in-formation in this guide includes all changes inthe law through July 1, 2007. Each section alsoincludes a contact list for further information.Because no Web site or publication can ad-dress all the circumstances that may arise forbusiness taxpayers, this publication should beused only as a reference guide and not as asubstitute for the law itself. We have includedat the end of eachsection the ad-dress and tele-phone number ofthose offices thatcan provide morespecific answers.This publicationand a wealth ofadditional formsand information isavailable online at

tax.ohio.gov

.We hope the

Ohio Business Tax Guide

is an assetto your business.The Ohio Depart-ment of Taxation stands ready to assist allbusiness owners in complying with their taxresponsibilities promptly and fairly. To com-ment or to request additional copies of thispublication, contact:

Ohio Department of Taxation

Attn: Communications Ofﬁce30 E. Broad St., 22

FloorColumbus OH 43216-0530(614) 644-6896

Introduction