Ohio Tax Notes

The Ohio Dept. of Taxation, last month, issued an information release of a proposed rule defining “foreign corporations” for the purposes of the new commercial activity tax (CAT). The term is used in two different contexts within the CAT statutes: ORC §5751.011, addressing consolidated elected taxpayers, and §5751.04, concerning registration requirements. The rule is intended to clarify those usages.

Also, in the way of a reminder, trusts that continue to be subject to Ohio personal income tax, or which are now subject to tax by virtue of the passage of HB 66, do not need to file 2005 estimated quarterly returns until Sept. 15th.. On September 15th. any taxable year 2005 estimated quarterly payments that would have been due prior to the 15th. are now due on the 15th. (See Information Release)

A news release on August 5th. explains the new “Ohio Business Gateway” and what’s available on it. OBG may be used by Ohio businesses to submit selected filings, registrations, and payments to the Dept. of Taxation, Workers’ Compensation, the Dept. of Job & Family Services, and the Dept. of Commerce.