Form Bot-301e - Instructions Form For Annual Business And Occupation Tax Return For Electric Power - 2015 Page 2
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1
2
3
4
5mine refuse (Column 3 Line 3 times Column
Section II Column 5 line 6 plus line 7).
4 Line 3).
line 9
Enter the amount of credit for electric power
line 4a
Enter the amount of tax due after exemptions
generation tax paid to other states
for electric power generated or produced
line 10
Enter the net amount of Tax for Schedule A
in West Virginia with Sales and demand
Section II (Column 5 line 8 minus line 9).
charges exceeding 200,000 Kilowatts per
line 11
Enter the gross amount of tax (Schedule A
Hour/Year/Customer (Column 3 Line 4 times
section I plus Section II (Column 5 line 5 plus
Column 4 Line 4)
Column 6 line 10).
line 4b
Enter the amount of tax due for Kilowatt
hours sold (Column 3 line 4b times Column 4
exclusions
line 4b).
Enter any exclusion claimed on the Schedule A for Column
line 4c
Enter the lesser of the tax of lines 4a or 4b.
2 in both sections I and II.
line 5
Enter the gross amount of tax for Schedule
Please be sure to answer all the questions on page 3 and
A, Section 1 (Total of Lines 1, 2, 3, and 4c).
sign and date the return.
payment of tax
sectIon II
The full amount of tax owed is due and payable on the due
Only used if electric power sold in West Virginia was not
date of the tax return. Failure to pay the full amount of tax
Generated or Produced in West Virginia.
by the due date will result in interest and penalties being
coluMn 1
added to any unpaid amount of tax.
line 6
Enter the number of kilowatt hours for electric
due date and extension of time for Filing Annual
power sold in West Virginia but not generated
return: The annual return is due on or before the expiration
or produced in the State by taxpayer.
of one month after the end of the taxable year. The Tax
line 7
Enter the number of kilowatt hours for electric
Commissioner may, upon written request received on
power not generated or produced in West
or prior to the due date of the return, grant a reasonable
Virginia with sales and demand charges
extension of time for filing the tax return. An extension of
exceeding 200,000 kilowatts per hour/year/
time for filing of this return is required whether or not any tax
customer.
is due. An extension of time for filing does not extend
coluMn 2
the time for payment of the tax.
line 6
Enter the amount of exemptions for electric
Accounting periods and Methods of Accounting: The
power sold in West Virginia but not generated
taxable year and method of accounting are the same as
or produced in the State by taxpayer.
that used for federal tax purposes.
line 7
Enter the amount of exemptions for electric
Interest and penalties to tax: Interest and additions to tax
power not generated or produced in West
attach by law to any amount of tax not paid by the due date
Virginia with sales and demand charges
of the tax return. The law requires the Tax Commissioner to
exceeding 200,000 kilowatts per hour/year/
establish interest rates for tax underpayment based on the
customer.
adjusted prime rate. This rate will never be less than eight
coluMn 3
percent per year and is determined every six months.
line 6
Enter the net amount of Kilowatt hours
Additions to tax: Additions to tax are imposed for
(Column 1 line 6 minus Column 2 line 6).
failure to file a required tax return by the due date and/or
line 7
Enter the net amount of Kilowatt hours
late payment of the tax due. The rate for late filing is five
(Column 1 line 7 minus Column 2 line 7).
percent (.05) per month or any part of a month; the rate for
coluMn 4
late payment of tax is one-half of one percent (.005) per
month or any part of a month. An extension of time for
line 6 & 7 Tax rate, provided.
filing does not extend the time for payment of the tax.
coluMn 5
Where both the five percent (.05) penalty for late filing and
the one-half of one percent (.005) penalty for late payment
line 6
Enter the amount of tax due (Column 3 line 6
of tax are imposed, the maximum monthly percent is five
times Column 4 line 6).
percent (.05) The maximum amount of additions to tax
line 7
Enter the amount of tax due (Column 3 line 7
imposed under either penalty is twenty-five percent (.25).
times Column 4 line 7).
The maximum amount under both penalties is forty-seven
line 8
Enter the gross amount of tax (Schedule A
and one-half percent (.475) of the tax due.
WEST VIRGINIA STATE TAX DEPARTMENT
Page - 2 of 5
BOT 301E Instructions REV. – 10/15
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