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Area Development - Site Selection, Facility Planning and Workforce Development

Ohio Basic Business Taxes

Q1 2014
Commercial Activities Tax:
0.26 percent of taxable gross receipts of more than $1,000,000 per calendar year is subject to this tax. Taxpayers with gross receipts between $150,000 and $1,000,000 in a calendar year must pay an annual minimum tax of $150 per year.

Sales and Use Tax:
State sales and use tax rate is 5.75 percent and applies to the retail sale, lease, and rental of tangible personal property as well as the sale of selected services in Ohio. In transactions where sales tax was due but not collected by the vendor or seller, a use tax of equal amount is due from the customer. Counties and regional transit authorities may levy additional sales and use taxes. Counties and regional transit authorities may each levy sales tax in multiples of 0.25 percent up to 3 percent. The total combined rate — state, county, and transit authority — may not exceed 8.75 percent.

Property Tax:
Assessed by cities, counties, and school districts, collected by counties, on 35 percent of true value for real property

For additional information please visit the Ohio Department of Taxation website .

Ohio State Contacts:
JobsOhio
41. S. High Street, Suite 1500
Columbus, Ohio 43215
(614) 224-6446

Ohio Development Services Agency
77 S. High Street, 29th Floor
Columbus, Ohio 43215
(800) 848-1300

Incentive and tax information is provided to Area Development by each state's economic development or commerce agency for information purposes only and is subject to revision at any time by the state government. Please contact the state agency directly for full requirements and offerings.

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