Beginning Jan. 1, 2014, changes to the annual minimum tax (AMT) will go into effect. While taxpayers with receipts of $1 million or less will see no increase in their CAT liabilities, if you have taxable gross receipts in excess of $1 million, you will see an increase in your annual minimum tax amount. The increase is as follows:

Electronic Filing and Payment

Ohio Information Release CAT 2013-03, issued in draft format in July 2013, will now require annual CAT filers (those with Ohio taxable gross receipts of less than $1 million) to file and pay their annual CAT electronically, via the Ohio Business Gateway, beginning with returns and payments filed on or after January 1, 2014.