Instructions For Form St-101 (Page 3 of 4) in pdf

ST-101-I (2/00)

Page 3

Calculate Special Taxes

Enter taxable receipts from sales or uses of

Column H

Column G

Column J

Step 4

of 9 Calculate Special Taxes

Tax Rate

Internal Code

Taxable Receipts

Special Taxes Due

passenger car rentals and of information and

(to nearest dollar)

decimal (percent)

(G x H)

entertainment services furnished via telephony and

PA 0003

.00

.05

(5%)

Passenger Car Rentals

telegraphy on the appropriate lines in Column G.

3 1 0

15 50

Information & Entertainment Services Furnished via Telephony & Telegraphy

IN 7009

.00

.05

(5%)

Multiply the taxable receipts (Column G) by 5% (.05).

15 50

Total Special Taxes:

Enter the resulting tax in Column J.

Add the two lines in Column J and enter the

total in Box 16. Also enter the Box 16

amount in Step 6.

Column K

- Credit for additional tax paid on property

Step 5

of 9 Calculate Tax Credits and

Credit Amount

Internal Code

incorporated into realty according to a preexisting

Advance Payments

lump-sum or unit price contract, where the additional

CR C8888

Credit for prepaid sales tax on cigarettes

tax is the result of a rate increase. Note: Form AU-11,

63 50

Credits against sales or use tax (see Bullet 16 in instructions)

Application for Credit or Refund , should also be filed

25 00

Advance Payments (as reported on Form ST-330)

for any of these contractor transactions.

88 50

Total Tax Credits and Advance Payments:

Advance Payments

Calculate Tax Credits and Advance Payments

Enter the total amount of any advance

the credit is claimed.

Credit for Prepaid Sales Tax on Cigarettes

payments that were reported on and paid with Form

Example: You paid 8% tax, filed your return, then the payment was

Enter your credit for prepaid sales tax on cigarettes, if

ST-330, Sales Tax Record of Advance Payment .

cancelled. The tax rate changed to 7%. You are still entitled to claim the

any, in Column K.

8% credit.

Total Tax Credits and Advance Payments

- Credit for an overpayment made in a prior period not previously

Credits Against Sales or Use Tax

Add Column K and enter the total in Box 17.

claimed.

(attachments required)

Also enter Box 17 amount in Step 6.

- Credit for an payment made for a quarterly period included in this

Enter the total amount of other credits or refunds of sales tax

annual period.

you are claiming (excluding the vendor collection credit).

- Credit for sales tax paid against additional tax on purchases reported in

You must keep records to validate all credits and refunds

Column D. (Included are credits for taxes paid in another jurisdiction in

claimed, and attach to your return the forms or explanations

New York or to another state.)

that verity them. Do not enter any credits that were claimed

Note: Any credit against tax taken in Step 5 should be based on the

on jurisdiction lines in Step 3.

amount of tax paid or paid over at the time of the original transaction.

Credits that may be claimed in Step 5 include:

Contractors can take:

- Credits where the tax rate for the jurisdiction in which tax

- Credit for state tax and some local taxes paid on certain construction

was paid is different from the tax rate in the period in which

materials in economic development zones (EDZ).

Calculate Taxes Due

Add Sales and Use Taxes (Box 15) to Total Special Taxes (Box 16) and

Step 6

Calculate Taxes Due

of 9

Enter the amounts from Box 15, Sales and Use

Taxes Due

subtract Total Tax Credits and Advance Payments (Box 17).

Taxes ; Box 16, Total Special Taxes ; and Box 17,

Box 15

Box 16

Box 17

321.93

15.50

88.50

Total Tax Credits and Advance Payments in the

248 93

Amount

appropriate spaces. Add Boxes 15 and 16, and

subtract Box 17. Enter the result in Box 18.

7C - Calculate your Vendor Collection Credit by

Calculate Vendor Collection Credit

You are eligible for Vendor Collection Credit only if you file by

Step 7

multiplying the Eligible Sales Amount from 7B by the

of 9

March 20, 2000 and you are paying in full.

or Pay Penalty and Interest

If you are not eligible, enter “0” in Box 19 and go to 7D.

state tax rate, then multiplying the result by the credit

rate. If the credit amount is $150 or less, enter the credit

If you are not filing any Schedules,

start at the asterisk (*) in 7B.

in Box 19. If it is more than $150, enter $150 in Box 19.

Schedule B

Schedule FR, Part 3, Box 7

2849.00

Schedule H

*Form ST-101, Step 3, Box 13

Determine Penalty and Interest

300.00

Schedule N

Total Adjustment from 7A

If you are filing your return late or not paying

Schedule U

NYC local tax, Step 3, Box 9

300.00

2549.00

Total Adjustment =

Move Eligible Sales Amount to 7C =

the full amount due, or both, you owe penalty and

interest, and cannot claim a vendor collection credit.

Vendor Collection Credit

Eligible Sales Amount from 7B above

State Tax Rate

Credit Rate

3.57

Internal Code VE 7702

101.96

2549.00

Penalty and interest are calculated on the amount of

x .04 (4%) = $

x .035 (3.5%) = $

3 57

tax due, from Box 18. The minimum penalty for late

**In Box 19, enter the amount calculated, not to exceed $150

filing is $50. Late payment and underpayment also

Penalty & Interest

PAY PENALTY AND INTEREST IF YOU ARE FILING LATE

result in interest charges; interest rates are adjusted

Call 1 800 972-1233 or access our web site at for calculated total of penalty and interest on Box 18 Taxes Due.

quarterly and compounded daily.

Enter penalty and interest amount in Box 20.

To determine your penalty and interest amount, call

Calculate Vendor Collection Credit

1 800 972-1233. A Tax Department representative will

7A - If you completed Schedules B, H, N, and/or U, enter the appropriate

or Pay Penalty and Interest

calculate the correct amount for you. Or you can use

amount (see each schedule for the amount to enter). Schedule A is not

Vendor Collection Credit

our web site at to determine

included as no adjustment is needed. Add the amounts in 7A and enter

The Tax Law provides you with a credit for your

your penalty and interest. Enter the total penalty and

the total on the Total Adjustment line. Note: if you did not complete any

collection of state sales tax from your customers. You may

interest in Box 20.

schedules, skip Step 7A and start at the asterisk in 7B.

not include in the credit computation any use tax paid or any

7B - If you completed Schedule FR, enter the amount from Box 7 of that

local tax collected. The maximum vendor collection credit

form. Fill in the lines as applicable, and add or subtract them according

you can claim on your return is $150.

to the math symbols provided. Enter and add the amount from Form

You can receive this credit only if you file your return on time

ST-101, Page 3, Box 13. Enter and subtract the Total Adjustment from

and pay the full amount due. If you file on time but do not

7A, if any. Enter and subtract the amount from Form ST-101, Page 3,

pay the full amount due, or if you file late, you cannot claim

Box 9*. Enter the result of the addition and subtractions on the Eligible

this credit. Enter “0” in Box 19 and go to Step 7D.

Sales Amount line. Transfer this amount to 7C.

If you qualify, calculate your vendor collection credit in

*New York City only: If you reported sales on the New York City

Step 7. If the result is less than $150, enter the result in

4% tax rate line (Page 3, in Box 9), enter this amount in Step 7B.

Box 19. If the result is equal to or more than $150, enter only

As local sales, they do not qualify for the vendor collection credit.

$150 in Box 19.

To order forms, call 1 800 462-8100

For assistance, call 1 800 972-1233

Web site address:

Instructions For Form St-101 Page 3

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