COLUMBUS -- Gov. John Kasich today 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 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 didnât notify businesses of overpayments â even if the Department was aware of it â 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.
âIf government knows a job creator paid too much in taxes then it should do the right thing and give the money back, because government works for us, not the other way around," Kasich said. "Itâs just simple fairness and I canât believe this wasnât being done already."
ODT is implementing the new policy beginning with the CAT and will begin notifying about 3,500 taxpayers who may have overpaid by a total of as much as $13.7 million. Other taxes will be analyzed in the months ahead and ODT will begin reaching out to all taxpayers who unknowingly paid too much tax.
Refund request forms and more information about this program are available at the ODT website.
These refunds are the first resulting from a new policy that reverses previous 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 didnât notify businesses of overpayments â even if the Department was aware of it â 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.
âIf government knows a job creator paid too much in taxes then it should do the right thing and give the money back, because government works for us, not the other way around," Kasich said. "Itâs just simple fairness and I canât believe this wasnât being done already."
ODT is implementing the new policy beginning with the CAT and will begin notifying about 3,500 taxpayers who may have overpaid by a total of as much as $13.7 million. Other taxes will be analyzed in the months ahead and ODT will begin reaching out to all taxpayers who unknowingly paid too much tax.
Refund request forms and more information about this program are available at the ODT website.
