The Ohio Cat Cs form is a report used by businesses to claim credits against the Commercial Activity Tax (CAT). This form is essential for taxpayers who are transitioning from the corporation franchise tax to the CAT, allowing them to apply unused credits from the previous tax system. Understanding the requirements and the credits available can significantly impact a business's tax liabilities in Ohio.
The Ohio Cat Cs form serves as a crucial tool for businesses navigating the state's Commercial Activity Tax (CAT) landscape. This form allows taxpayers to report their eligibility for various tax credits that can significantly impact their financial obligations. Specifically, it enables the application of unused corporation franchise tax credits against the CAT for periods beginning on or after July 1, 2008. Notably, the form includes sections for detailing the taxpayer's account information, including the CAT account number and the Federal Employer Identification Number (FEIN) or Social Security Number (SSN). Furthermore, businesses must specify the reporting period for which they are claiming credits, ensuring that all information is current and accurate. The form outlines several key credits, including the Jobs Retention Tax Credit and the Research and Development (R&D) Credit, each with distinct eligibility criteria and carryforward provisions. It also emphasizes the importance of attaching necessary certificates from the Department of Development, which are required for claiming certain refundable credits. Ultimately, completing the Ohio Cat Cs form accurately is essential for businesses to maximize their available tax benefits and maintain compliance with state regulations.
CAT CS
Rev. 12/11
P.O. Box 16158
Columbus, OH 43216-6158
Commercial Activity Tax Credit Report
CAT account number (of primary reporting entity)
FEIN/SSN
Reporting member’s name
Street address (number and street)
City
State
ZIP code
Period covered (MM/DD/YY)
to (MM/DD/YY)
(Quarter for which this report is being submitted)
For taxpayers subject to the phase-out of the corporation franchise tax and the phase-in of the commercial activity tax (CAT), 2008 was the last report year for which certain credits were available. For all subsequent years, the credits automatically converted to credits against the CAT and may be claimed beginning July 1, 2008. As such, for CAT periods beginning on or after July 1, 2008, a taxpayer may apply any of the following unused corporation franchise tax credits against the CAT, provided the combined number of carryforward years under the corporation franchise tax and the CAT does not exceed the carryforward period allowed, if applicable. Please see O.A.C. 5703-29-22 contained in information release CAT 2007-03 for more detailed information regarding the CAT credits.
Credit
Reundable or
Revised Code
Carryforward
First Period Credit Can
Nonrefundable
Section
Period
Be Used Against the CAT
Jobs Retention Tax
5751.50(B) & 122.171
Three years
Period beginning
July 1, 2008
Credit for Qualifi ed
5751.51
Seven years
Research Expenses
Credit for R&D
5751.52
Unlimited
Loan Payments
Credit for Unused
5751.53
Twenty years
2010
NOLs
Refundable
N/A
2030
Jobs Creation Tax
5751.50(A) & 122.17
Credit*
Jan. 1, 2011
*Sub. H.B. 58 of the 129th General Assembly amended R.C. 5751.50(B) to include a refundable jobs retention tax credit for an eligible business that meets all of the following conditions: (1) retains at least 1,000 full-time equivalent employees at a project site; (2) the company makes payments for a capital investment project of at least $25 million for a specified period of time; and (3) receives a substantial, written offer of financial incentives from another state in 2010. Additionally, the Department of Development must recommend the granting of this credit for the company to the Tax Credit Authority prior to July 1, 2011.
Credit Schedule
(If credits are being claimed by members of a consolidated elected or combined taxpayer group, a separate schedule is required for each entity that is claiming a credit.)
The CAT account number of the entity entitled to the credit may be different than that of the primary reporting entity.
Entity entitled to credit: NameFEINCAT account number
Nonrefundable Credits
A
B
C
D
Opening Unused
Credit Earned
Credits Claimed
Closing Unused
During Current
Credit Balance
Reporting Period
1.Jobs retention credit+
2.Qualifi ed research expense credit
3.Research and development loan repayment credit+
4. Total
*
*Combine with credits being claimed by other entities in group (if any) and carry this forward to line 7 on your CAT return.
+Must attach credit certifi cate received from the Department of Development
Refundable Credits
Must attach credit certifi cate received from the Department of Development
Jobs creation credit
1.
Jobs retention credit
2.
Total of lines 1 and 2 to be carried forward to line 11 of CAT return
3.
Declaration and signature (an offi cer or managing agent of the corporation must sign this declaration)
I declare under penalties of perjury that this report (including any
use any of its money or property for or in aid of or opposition to
accompanying schedule or statement) has been examined by
a political party, a candidate for election or nomination to public
me and to the best of my knowledge and belief is a true, correct
office, or a political action committee, legislation campaign fund,
and complete return and report, and that this corporation has not,
or organization that supports or opposes any such candidate or
during the preceding year, except as permitted by Ohio Revised
in any manner used any of its money for any partisan political
Code sections 3517.082, 3599.03 and 3599.031, directly or
purpose whatsoever, or for reimbursement or indemnification of
indirectly paid, used or offered, consented, or agreed to pay or
any person for money or property so used.
Date (MM/DD/YY)
Signature of offi cer or managing agent
Title
Contact telephone no.
E-mail
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