Form Tc-62m Draft - Sales And Use Tax Return Multiple Places Of Business (Page 2 of 2) in pdf

TC-62M_2

8/07

Instructions for the TC-62M Return

Form TC-62M and Schedules A, AG, B, BG, and X are for filing

Line 10

Determine any credit for sales of electricity, heat, gas,

periods beginning on or after Jan 1, 2008. Schedules are sent with

coal, fuel oil and other fuels sold for residential use by

the TC-62M based on your filing history.

multiplying the amount of these sales included on line 7

by .0265. This cannot be a negative amount. Only

For general information see the Sales Tax Payment Coupon.

retailers making sales of fuel for residential use may

claim this credit.

Line Instructions

Line 12

Monthly filers: Compute the seller discount by multiply-

Line 1

Enter your total sales (cash, credit, installment, exempt,

ing the amount on line 11 by .0131. Only sellers that

etc.) of all goods and services in Utah. Do not include

remit sales taxes on a monthly basis qualify for the seller

sales tax collected as part of the total sales. Total sales

discount. The Tax Commission must authorize a monthly

cannot be a negative amount.

filing status. Monthly filers required to pay by EFT

(Electronic Funds Transfer) who pay by some other

Line 2

Enter the total amount of exempt sales included in line 1.

method are not eligible for the seller discount.

Do not report details of exempt sales with this return, but

retain evidence to support all exempt sales claimed. See

Line 13

Determine the additional seller discount for sales of food

Utah Code §59-12-104 and Publication 25 for detailed

and food ingredients by multiplying the amount on line

exemption information. The amount on this line cannot

8b by .0127. Only retailers making sales of food and

be greater than the amount on line 1.

food ingredients who file monthly may claim this credit.

Line 4

Enter the amount paid for items purchased tax-free that

Line 15

Use this line to report amounts paid or charged for a

were not resold but were used by you (e.g. office

qualified exempt purchase or lease of machinery and

supplies, office or shop equipment, or computer

equipment and normal operating repair or replacement

hardware and software). This cannot be a negative

parts ONLY by manufacturing facilities in Utah described

amount.

within Standard Industrial Classification (SIC) Codes

2000 through 3999; or by qualifying scrap recyclers; or

Line 6

Enter any adjustments for sales or purchases reported

by cogeneration facilities placed in service on or after

in previous periods, such as bad debts, returned goods

May 1, 2006; or by mining establishments described as

or cash discounts allowed, or excess tax collected. All

Mining (NAICS 212) (except Oil and Gas), Support

adjustments should be reported as taxable amounts and

Activities for Coal Mining (NAICS 213113), Support

can be either negative or positive numbers. Attach a

Activities for Metal Mining (NAICS 213114), Support

worksheet explaining each adjustment. If a negative

Activities for Nonmetallic Minerals Mining (NAICS

adjustment results in a negative amount on line 7 and

213115) (except fuels). It is also used by semiconductor

you are requesting a refund, submit supporting informa-

facilities that purchase fabricating, processing, or

tion, including reason for refund, filing periods and

research and development materials purchased for use

specific line items from schedules that are being

in research or development, manufacturing or fabricating

adjusted.

of semiconductors.

Line 7

Calculate the net taxable sales and purchases. This

Sellers or purchasers failing to report the amount

amount must equal the sum of all taxable sales from

requested on line 15 shall be penalized the lesser of

column 3 on Schedules A, AG, B, BG and X, if these

$1,000 or 10 percent of the sales and use tax that

schedules are required.

would have been imposed if the exemption had not

Line 8a

Report total tax on this line for all non-food and

applied.

prepared-food sales. Bring forward to this line the sum of

all tax calculated in column 5 on Schedules A, B and X.

___________________ _

Line 8b

Report total tax on this line for food and food ingredients.

If you need an accommodation under the Americans with Disabili-

Food and food ingredients do not include alcoholic

ties Act, contact the Tax Commission at (801) 297-3811 or TDD

beverages, tobacco or prepared food. Bring forward to

(801) 297-2020. Please allow three working days for a response.

this line the sum of all tax calculated in column 5 on

Schedules AG and BG.

Form Tc-62m Draft - Sales And Use Tax Return Multiple Places Of Business Page 2

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