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 Changes to the Ohio Commercial Activity Tax CAT 2019

Commercial Activity Tax Credit 2019-2025 Form

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tonight a loophole in Ohio's tax code may soon be closing thanks for staying with us at 5:30 I'm Marc Taylor and I'm Darlene Hill this is something Democrats say they've been trying to do for years and it would impact people not paying income taxes up to two hundred and fifty thousand dollars under what's being called the LLC loophole jason Aubrey has a report that you'll only see here on NBC 4 back in 2015 the legislature gave a tax break to people who owned a business and made up to two hundred and fifty thousand dollars they pay no state income tax it was supposed to spur job growth and reinvestment but there have been complaints this has not happened House Minority Leader Amelia Sykes is concerned about the budget and says the LLC loophole needs to go that's about a billion dollars a year that we're losing from our state coffers that we need to fund education in health care and infrastructure in the lake and so for us

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