What are the tax rates for the CAT?
For calendar years 2006 and thereafter, the first $1 million in taxable gross receipts are taxed at $150. Receipts above $1 million are taxed at the following rates:
|
Tax Period
|
|
Base Tax Rate
|
Phase-in
Percentage
|
Effective Rate*
|
|
|
|
|
|
|
July 1, 2005 to December 31, 2005
|
|
0.06%
|
N/A
|
0.0600%
|
|
January 1, 2006 to March 31, 2006
|
|
0.26%
|
23%
|
0.0598%
|
|
April 1, 2006 to March 31, 2007
|
|
0.26%
|
40%
|
0.1040%
|
|
April 1, 2007 to March 31, 2008
|
|
0.26%
|
60%
|
0.1560%
|
|
April 1, 2008 to March 31, 2009
|
|
0.26%
|
80%
|
0.2080%
|
|
After March 31, 2009
|
|
0.26%
|
100%
|
0.2600%
|
|
|
|
|
|
|
|
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