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

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…

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

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…

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