Form Sls 450 - Sales And Use Tax Return - 2015 (Page 2 of 2) in pdf

INTERNET (1/15)

SCHEDULE A

- EXEMPT TRANSACTIONS (See Separate Instructions)

(A)

Food Net Taxable (add to Schedule B, Line 2).......................................

Sales made to vendors or other establishments for resale, and sales of items to be used in

(B)

processing articles for sale. (Certificates of Resale must be retained by the Dealer.)........

C. Sales of items specifically exempt by State Law.........................................................

(C)

Sales to the Federal Government, the State of Tennessee & its political Subdivisions, & sales

to qualified institutions such as churches, nonprofit schools,

hospitals, & orphanages.....

(D)

Merchandise voluntarily returned by the purchaser reported as sales on this or a previous

return. Show on Schedule B, Line 2, any amount claimed on Schedule B, Line 4, of prior returns

(E)

Sales of specifically exempt "Industrial Machinery" and exempt agricultural purchases

(F)

Sales in Interstate Commerce (i.e., purchaser takes possession outside of Tennessee for use

or consumption outside TN; motor vehicles and trailers delivered out-of-state by dealers; motor

(G)

dealers; motor vehicles and boats removed by non-resident customers within 3 days)........

Repossessions - Portion of unpaid principal balances in excess of $500 due on TPP

(H)

repossessed from customers. Report same amount on Schedule B, Line 2.......................

Other - Enter deductions not included elsewhere in Schedule A. Include: sales not subject

(I)

to full state rate such as industrial energy fuel and water, trade-ins, and cash discounts.....

Sales Tax Holiday (first Friday through following Sunday in August)..............................

(J)

K. TOTAL - Add lines A through J above.

Enter here and on Page 1, Line 6.........................

(K)

SCHEDULE B

- COMPUTATION OF LOCAL SALES AND USE TAX. NOTE: Use this

schedule if Local Taxable Sales do not equal State Taxable Sales. (See Separate Instructions)

1 .

Enter net taxable total - State -

Enter the amount shown on Page 1, Line

7................................................

(1)

2 .

Adjustments (total of Schedule A, Line A and any applicable amounts in Lines E and H above)...........

(2)

3 .

Total - Add Lines 1 and 2......................................................................................................................................

(3)

4 .

Enter all amounts in excess of the single article tax base shown on Page 1, Line 10 of the return on each

(4)

single article sold or purchased which has been reported, but not deducted elsewhere on the return.

5 .

Energy Fuel Sales - Enter all energy fuel sales taxed at the full state rate. Do not include sales subject

and Schedule C, Line 5.......................................................... (5)

to the reduced rate. See Schedule A, Line I

Other - Enter local tax deductions not included in Lines 4 and 5. Include taxable sales of specfied

6 .

(6)

digital products subject to 2.5% local tax rate, which are reported on Schedule C, Line 9......................

7 .

Net taxable total - Local - Add Lines 4, 5, and 6, subtract from Line 3..........................................................

(7)

8 .

Local sales and use tax - Multiply Line 7 by local tax rate - Enter here and on Page 1, Line 10.............

(8)

SCHEDULE C

- COMPUTATION OF STATE SINGLE ARTICLE TAX AND SPECIAL RATES ON ENERGY FUEL,

WATER, AND SPECIFIED DIGITAL PRODUCTS (See Separate Instructions)

1. Taxable Single Article Sales from $1,600 to $3,200.........................................................................................

(1)

2. STATE TAX - 2.75 % of Line 1................................................................................................................................

(2)

3 .

WATER- Enter sales/purchases of water subject to industrial tax rate.

IMPORTANT: See Schedule C, Line 8................................................................................................................

(3)

4. STATE TAX - 1% of Line 3.....................................................................................................................................

(4)

5 .

ENERGY FUELS - Enter all sales subject to industrial tax rate. (Schedule A, Line I)..............................

(5)

STATE TAX - 1.5% of Line 5........................................................................................................

(6)

7. TOTAL (Add Lines 2, 4, and 6. Enter total here and on

Page 1, Line

12)...................................................

(7)

LOCAL COMPUTATION - Complete this section only if transactions are subject to local tax.

WATER - Multiply sales/purchases of water on Schedule C, Line 3 by 1/2 of 1% local industrial

8 .

(8)

tax rate and enter....................................................................................................................................................

9 .

SPECIFIED DIGITAL PRODUCTS - Net taxable sales of specified digital products included in

(9)

Schedule B, Line 6 ________________________. Multiply by 2.5% and enter here...............................................................

1 0 .

LOCAL TAX - (Add tax calculations from Lines 8 and 9) - Enter here and on Page 1, Line 13,

(10)

reverse side..........................................................................................................................................................

Check appropriate box

If your account number is not preprinted on the front of the return, enter

and fill in number:

your federal employer identification number (FEIN) or your Social

FEIN or SSN

Security number (SSN) in the spaces at left:

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