Form Ict-4 - Electricity Distribution And Invested Capital Tax Return - Illinois Page 4
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4Form ICT-4 Instructions
Step-by-Step Instructions
Part 1: Identify your business
Line 29 - Subtract Line 28 from Line 27. This amount is the total
Lines 1 through 6 - Complete Lines 1 through 6 to identify your busi-
due. If you do not file a processable return or pay the tax you owe by
ness.
the due date, you will owe additional penalty and interest. We will bill
Part 2: Figure your Invested Capital Tax
you for penalties and interest. If you prefer to figure these amounts,
Complete this part if you are in the business of distributing, supply-
see the most current Publication 103, Uniform Penalties and Interest,
ing, furnishing, or selling gas; water; electricity (electric cooperatives
because application of penalties and interest may be different de-
only); or any combination of the three.
pending on when your return is due. Include the penalty and interest
amounts on Line 29. Please identify how much is penalty and interest
Line 10 - In Column A, write the total beginning balance of propri-
to the left of Line 29.
etary capital, stockholders’ equity, or total equity as shown on your
balance sheet included in your annual report filed with the Illinois
Worksheet A
Commerce Commission or the U.S. Department of Rural Utilities
You must complete this worksheet (for liabilities on or after
Services.
January 1, 1998) if you are not an electric cooperative and are in
In Column B, write the total ending balance of proprietary capital,
the business of
•
stockholders’ equity, or total equity as shown on your balance sheet
distributing, supplying, furnishing, or selling gas for use or
included in your annual report filed with the Illinois Commerce
consumption and not for resale, and
•
Commission or the U.S. Department of Rural Utilities Services.
distributing electricity for use or consumption and not for resale.
Line a - In Column 1, write the balance at the beginning of the year
Line 11 - In Column A, write the total beginning balance of long-
term debt as shown on your balance sheet included in your annual
of gas plant in service.
report filed with the Illinois Commerce Commission or the U.S.
In Column 2, write the balance at the end of the year of gas plant in
Department of Rural Utilities Services.
service.
In Column B, write the total ending balance of long-term debt as
Line d - In Column 1, write the balance at the beginning of the year
shown on your balance sheet included in your annual report filed with
of both gas and electric plant in service.
the Illinois Commerce Commission or the U.S. Department of Rural
Utilities Services.
In Column 2, write the balance at the end of the year of gas and
electric plant in service.
Line 13 - In Column A, write the total beginning balance of invest-
ments in and advances to all corporations as shown on your balance
Worksheet B
sheet included in your annual report filed with the Illinois Commerce
You must complete this worksheet (for liabilities on or after January 1,
Commission or the U.S. Department of Rural Utilities Services.
1998) if you are not an electric cooperative and are in the business
In Column B, write the total ending balance of investments in and
of distributing electricity for use or consumption and not for resale.
advances to all corporations as shown on your balance sheet
Line a - Write the total number of kilowatt-hours distributed during
included in your annual report filed with the Illinois Commerce
the calendar year for which you are filing this return.
Commission or the U.S. Department of Rural Utilities Services.
Lines b through i - Follow the instructions printed for each line.
Line 17 - Write the Illinois apportionment factor shown on your
Form IL-1120, IL-1120-ST, IL-1065, or Part IV of Schedule UB
Part 5: Signatures
(if you are part of a unitary group) for the same taxable year.
An owner, partner, officer of the corporation, or other person who is
authorized to file your returns must sign Form ICT-4. If you use a tax
Part 3: Figure your Electricity Distribution Tax
preparer, he or she must also sign and date Form ICT-4. Be sure to
include a daytime telephone number where we can reach you if we
Complete this part if you are not an electric cooperative and are in
have questions.
the business of distributing electricity for use or consumption and not
for resale.
Line 22 - Write the total number of kilowatt-hours (kwh) you distrib-
uted during the calendar year for which you are filing this return.
Part 4: Figure your payment
Line 25 - Write the total of all estimated tax payments you made
during the taxable period.
Line 26 - If Line 25 is greater than Line 24, subtract Line 24 from
Line 25 and write the difference on Line 26. This is the amount of tax
you have overpaid. To receive a credit, you must file Form IDR-85,
Claim for Credit for Tax or Fees Paid.
Line 28 - If you have a credit memorandum issued to you by us and
wish to apply that toward your balance due, write the amount of credit
you wish to apply.
Page 4 of 4
ICT-4 Instructions (R-07/01)
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