Form Pra-114s - Instructions For Premier Resort Area Tax Return - 2014 Page 2
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2INSTRUCTIONS FOR LINES 1 THROUGH 9
Lines 1a - 5a. Enter the amount of taxable receipts from
If your total state, county, stadium, and premier resort area
the retail sale or rental of tangible personal property or taxable
tax for the reporting period is equal to or greater than $2,000,
multiply the amount on line 5 times .005. This is your allowable
services in the appropriate premier resort area. The types of
tangible personal property and services that are subject to the
retailer’s discount for purposes of the premier resort area tax.
5% Wisconsin state sales tax are also subject to the premier
Note: The total discount for the state, county, and stadium, sales
and use taxes, and premier resort area taxes may not exceed
resort area tax. The premier resort area tax may not be imposed
on any types of property or services that are not subject to the
$1,000 for the reporting period.
state sales tax.
If your total state, county, stadium, and premier resort area tax
If property or services are exempt from state sales tax, they are
for the reporting period is more than $10 but less than $2,000,
your retailer’s discount for purposes of the premier resort area
also exempt from the premier resort area tax.
tax is zero (0). You would have already claimed your allowable
You may reduce taxable receipts in the current reporting
$10 retailer’s discount on your Form ST-12.
period by sales reported as taxable on a previously filed return
when you receive a valid exemption certificate after the sale.
If your total state, county, stadium, and premier resort area
You may claim the deduction only if all of the following apply:
tax for the reporting period is equal to or less than $10, your
retailer’s discount is equal to the tax shown on line 6.
• You paid the tax to the Department of Revenue
The retailer’s discount is only allowed on timely reported and
• You have returned to the buyer, in cash or credit, all tax
paid taxes. A mailed return is considered timely filed and the
previously paid by the buyer
tax timely paid only when all of the following conditions are
• The sales tax return on which you will claim the deduction
met: it is mailed in a properly addressed envelope with the post-
is in the same taxable year (for income or franchise tax
age duly prepaid; the envelope is postmarked on or before the
purposes) in which you reported the sale and paid the tax.
due date; and it is received by the department within five days
of the due date.
Note: Publication 403, Premier Resort Area Tax, should be
used to obtain information on who is subject to the tax. This
publication is available at revenue.wi.gov.
Line 8. Net premier resort tax: Subtract line 7 from line 6
and enter the result on line 8.
Lines 1b - 5b. Calculate the appropriate amount of the tax by
Line 9. Interest and penalty: If you do not file a return on
multiplying the taxable sales by either .005, .01 or .0125 based
time, you are subject to interest at the rate of 1.5% per month
on the resort area.
on the tax on line 8 from the due date to the date the return is
filed. Include this amount on line 9.
Line 6. Total premier resort tax: Add the amounts entered
on lines 1b - 5b. Enter the result on line 6.
In addition, late returns may be subject to (1) a $20 late filing
fee, and (2) a negligence penalty of 5% per month, or portion
Line 7. Retailer’s discount: For reporting and collecting state,
of month, the return is late, up to a maximum of 25%. You will
county, stadium, and premier resort area taxes, retailers may
be notified if an additional amount is due.
deduct the greater of 0.5% of the taxes payable or $10 for the
reporting period, but not more than the taxes payable. To deter-
Line 10. Total Due: Add the amounts on lines 8 and 9
mine the amount of retailer’s discount that may be claimed, you
and enter the total on line 10. This is the amount you owe.
should complete your state, county and stadium sales and use tax
CAUTION: DO NOT reduce the amount due on this line by
return prior to completing your premier resort area tax return.
any refund or credit from prior period returns.
Note: If you are a monthly filer for state sales and use tax
Payment of the amount due may be made by check or money
purposes, but a quarterly filer for purposes of the premier re-
order payable to the Wisconsin Department of Revenue. Write
sort area tax, add the state, county, and stadium tax computed
your tax account number on your check or money order and
on timely filed monthly returns that cover the same reporting
be sure to enclose it with your completed Premier Resort Area
period as the premier resort area tax return.
Tax Return.
The following worksheet will assist you in determining the
retailer’s discount you may claim on your Premier Resort Area
Sign and date your return. Be sure to sign and date your
return in the area provided near the bottom of the return.
Tax Return:
a) State, County and Stadium Sales
Phone number. Enter the telephone number where you can
Tax on timely filed return(s)
be reached during the day.
(from Form ST-12, line 17)
_______________
b) Premier Resort Area Tax
(from line 6)
+ _______________
c) Total State, County, Stadium,
and Premier Resort Area Tax
= _______________
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