Bruner-Cox, LLP :: Reminder...Ohio Quarterly CAT Return Deadline May 10th

Reminder...Ohio Quarterly CAT Return Deadline May 10th

As a reminder, the 1^stQuarter 2010 Ohio Commercial Activity Tax return is due May 10, 2010 for registered quarterly CAT taxpayers. The tax rate is 0.26%.

The 2010 due dates are as follows:

1^stQuarter - May 10, 2010
2^nd Quarter - August 10, 2010
3^rdQuarter - November 10, 2010
4^th Quarter - February 10, 2011

Under 2009 Ohio House Bill 1, the payment date of the annual $150 minimum tax has changed for quarterly filers. Formerly due with the 4^th quarter return, it is now due with the 1^stquarter return beginning with the 1^st quarter 2010. Therefore, the 2010 $150 minimum tax, along with the tax due for the 1^st quarter, is due May 10, 2010.

For annual filers, the 2009 CAT 12 return, along with the $150 annual minimum tax, is due May 10, 2010. The tax rate for 2009 CAT 12 returns is 0.26%.

Please note: If you are an individual with no taxable CAT income, or your tax paying entity has non-profit status, you may not be subject to the Ohio CAT rules.

If you have any questions regarding this process or how this legislation impacts your tax situation, please contact your Bruner-Cox LLP Engagement Executive or Theresa Mullen, State and Local Tax Leader, at 330.497.2000, ext. 4129.