PRLog (Press Release)
- Dec. 26, 2012 -
On December 7th, the Ohio State Supreme Court ruled in favor of Ohio CAT and eleven other Plaintiffs who challenged the State of Ohio's use of Commercial Activity Tax (C.A.T) receipts. The State of Ohio's constitution was amended in 1947 to require that all tax receipts from "motor fuel" sales be used for road and bridge construction and repair. In their ruling, the Supreme Court found that C.A.T. receipts must be spent on roads and bridges, and the court directed that approximately $140 million dollars per year of C.A.T. receipts, going forward, should be used for "highway purposes". While this additional funding is very important, the most significant result, and the primary reason Ohio CAT chose to be one of the Plaintiffs, was to defend the exclusive use of any and all taxes on "motor fuels" for roads and bridges.
We are very proud of and pleased with the successful defense of the 1947 constitutional amendment. The additional funding for highway purposes is a direct result of industry and governmental involvement by our own company leadership as well as the leadership of others, and the outcome reinforces the importance of exercising leadership in matters of importance to our customers and the industries we serve.
A more detailed description of the court's ruling can be found at:http://www.courtnewsohio.gov/cases/2012/SCO/1207/111536.a...