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- Ohio Rev. Code Section 5751.011 dictates that taxable members possessing greater than 50% common ownership submit returns on a combined basis; however, a group of entities owned by a common owner may elect to be treated as a "consolidated elected taxpayer" as long as the group restricts membership to companies with greater than 80% common ownership.
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What is a consolidated elected taxpayer group?
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Consolidated Elected Taxpayer Groups and Combined Taxpayer Groups - A consolidated elected taxpayer group is a taxpayer that has elected to file as a group including all entities that have either 50 percent or more common ownership or 80 percent or more common ownership.
Apr 28, 2010 · Entities having “substantial nexus” with Ohio and more than 50% common ownership are required to file Ohio Commercial Activity Tax (“CAT”) returns as a combined taxpayer, unless an election to file as a consolidated group is made.
Apr 1, 2018 · Ohio Rev. Code Section 5751.011 dictates that taxable members possessing greater than 50% common ownership submit returns on a combined basis; however, a group of entities owned by a common owner may elect to be treated as a "consolidated elected taxpayer" as long as the group restricts membership to companies with greater than 80% common ...
The CAT in calendar year 2023 applies to a taxpayer with $150,000 in taxable gross receipts. If you became subject to the CAT for 2023, you must register, file, and pay any tax due for calendar year 2023. Once the 2023 return has been filed, you may cancel your CAT account with an effective date of December 31, 2023.
Taxpayers who are not registered for the CAT must register first before filing any return. If a person is unsure of how to register, it is advisable to register as a combined taxpayer group, as any election to consolidate is binding for eight calendar quarters.
Aug 30, 2010 · If your company or client is a federal consolidated group, then you have a choice to make when complying with Ohio's Commercial Activity Tax (CAT). General Rules. The CAT is an annual privilege tax measured by gross receipts on business activities in Ohio. This tax applies to all types of businesses: e.g., retailers, service providers (such as ...
