New Policy Will Automatically Tell Businesses When They Are Eligible For A Refund
COLUMBUS – Today Gov. John R. Kasich joined Ohio Department of Taxation (ODT) Commissioner Joe Testa in beginning to return more than $13 million to 3,500 Ohio businesses that unknowingly overpaid their Commercial Activity Tax (CAT).
These refunds are the first resulting from a new policy that reverses previous anti-business practices and instead notifies a business taxpayer when they’ve made an overpayment and helps them with the process of reclaiming their money.
In the past ODT didn’t notify businesses of overpayments—even if the Department was aware of it—but instead made businesses discover the error themselves and then ask for their money back. If businesses failed to discover the error within a certain amount of time then they forever lost the right to reclaim it.
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