If you have any questions pertaining to any of these blog posts, please fill out our Contact Form

Upcoming Events

January 25 & 26, 2022 : 31st Annual Ohio Business Tax Conference

Ohio Commercial Activity Tax: NASCAR laps the field as Ohio Supreme Court rules broadcast and media revenue is not subject to Ohio tax.

December 6, 2022

The Ohio Supreme Court has ruled that NASCAR’s broadcast, media, licensing, and sponsorship revenue is not subject to Ohio’s Commercial Activity Tax (“CAT”). Ohio’s CAT statute situses gross receipts from intellectual property to Ohio only “to the extent” they are “based on the right to use the property” in Ohio. R.C. 5751.033(F) (emphasis added). The… Read More

Ohio Income Tax – Ohio Clarifies when Sales of Business qualify for Favorable Business Income Treatment

August 23, 2022

Ohio has finally given taxpayers long-awaited clarity on the tax treatment for sales of business.  H.B. 515 specifically addresses two situations when gains from the sale of an equity or ownership interest qualify as “business income” for Ohio income tax purposes. R.C. 5747.01(B). The sale of an equity or ownership interest of a business is… Read More

Ohio Real Property Tax – Ohio severely restricts school districts’ rights to challenge property values

June 21, 2022

Recently-enacted HB 126 significantly alters the rights and procedures for local school districts (among other government entities) to contest property valuations for real property taxes. The changes described below will affect current and future valuation complaints and appeals. Accordingly, this is an opportune time for property owners to review their approach to property taxes and… Read More

Ohio Income Tax – Ohio Jumps on Trend to Codify SALT Deduction Cap Workaround

June 16, 2022

Last year, this post explained that investors in Ohio pass-through entities (PTEs) may be able to avoid the $10,000 state and local tax (SALT) deduction cap using Ohio’s composite return election. Now a little over a year later, Ohio has ended any uncertainty and joined the growing number of states passing SALT Cap Workaround laws… Read More