First Citizens National Bank says Ohio’s $6 million CAT exclusion may eliminate tax for smaller businesses

Bitget2026/10/15 18:48

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First Citizens National Bank noted Ohio's Commercial Activity Tax exclusion doubled to $6 million in 2025, potentially eliminating liability for many businesses.
The 0.26% tax applies only to Ohio taxable gross receipts above the exclusion, not total receipts or profits.
Businesses near the threshold or operating across states should consult tax professionals before assuming tax or filing obligations no longer apply.
Companies should review budgeted CAT expenses to determine whether savings could support cash reserves, debt reduction or investment.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Citizens National Bank of Upper Sandusky published the original content used to generate this news brief on October 15, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First Citizens National Bank says Ohio’s $6 million CAT exclusion may eliminate tax for smaller businesses

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