Form Cat Cs - Commercial Activity Tax Credit Report

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CAT CS
Rev. 2/13
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
Refundable or
Revised Code
Carryforward
First Period Credit Can
Nonrefundable
Section
Period
Be Used Against the CAT
Jobs Retention Tax
Nonrefundable
5751.50(B) & 122.171
Three years
Period beginning
Credit
July 1, 2008
Credit for Qualifi ed
Nonrefundable
5751.51
Seven years
Period beginning
Research Expenses
July 1, 2008
Credit for R&D
Nonrefundable
5751.52
Unlimited
Period beginning
Loan Payments
July 1, 2008
Credit for Unused
Nonrefundable
5751.53
Twenty years
2010
NOLs
Ohio Motion Picture
Refundable
5751.54
N/A
Period beginning
Tax Credit
Jan. 1, 2013
Jobs Creation Tax
Refundable
5751.50(A) & 122.17
N/A
Period beginning
Credit
July 1, 2008
Jobs Retention Tax
Refundable
5751.50(B) & 122.171
N/A
Period beginning
Credit*
Jan. 1, 2011
Credit for Unused
Refundable
5751.53
N/A
2030
NOLs
*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 specifi ed period of
time; and (3) receives a substantial, written offer of fi nancial 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.

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