CAT 2007-03 - Commercial Activity Tax: Commercial Activity Tax Credits, Explained - Issued December 2007; Revised March 2008; Revised June 2008

The Tax Commissioner promulgated this rule to explain the different credits available under the commercial activity tax (CAT) and the order in which such credits must be claimed.

Important information regarding New Annual Electronic Filing Requirement for Small Non-Profits

New Annual Electronic Filing Requirement for Small Non-Profits

Beginning in 2008, small tax-exempt organizations that previously were not required to file returns may be required to file an annual electronic notice, Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations not Required To File Form 990 or 990-EZ. This filing requirement applies to tax periods beginning after December 31, 2006.

Organizations that do not file the notice will lose their tax-exempt status.