Instructions Form For Preparing The Ground Transportation Tax Return (Page 2 of 2) in pdf

ACCOUNTNUMBER

LINE 4.

25 or more

passenger capacity vehicles

Enter the total number of vehicles that were used in Chicago during the entire tax year ........

........... i ............. i ...................................... L I ........................

............

b. Enter the total number of days each vehicle in line 4a was used in Chicago ..........................

if ill • i i

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Enter the total number of days from line 4b where the vehicles on line 3a were exclusively

used in conformity with the exemptions defined in Section 3-46-060 of this ordinance .........

d. Taxable days (subtract line 4c from line 4b) ...........................................................................

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Note:

Maximum use per vehicle could be 365 days

EXAMPLE: You own four vehicles and throughout the year, one vehicle was used 250 days, second vehicle 100 days, the third vehicle was

used 50 days, and the fourth vehicle was used 100 days. The total number of days used is 500 (250 days + 100 days + 50 days + 100

days)

LINE 5.

LINE 6.

LINE 7.

LINE 8.

LINE 9.

LINE 10.

10a.

Tax due before credits (add lines 1 through 4).

Current year's estimated tax payment.

Enter credit for overpayment of tax only if you have received a letter of credit from the Chicago Department of Revenue.

Enter the letter of credit number and submit the original applicable credit letter or the credit will be ~sa~lowed.

Total credit balance (add lines 6 and 7).

Total tax due (subtract line 8 from line 5). If line 9 is greater than 0, enter the amount owed. If line 9 is less than 0, skip to line 13.

Determine the amount of interest owed based on tax past due.

Enter number of days late (August 16 being one day late, etc.) ...................

lOb.

Enter the amount from line 9 .......................................................................

: ~ ` ~ ` ~ . ~ . ~ ` ` ~ ` ~ ` : ~ ` ` ~ ` ~ : ~ ` ~ ` ~ ` ` ` ~ : ~

......................................... ii .............

' ,

10c.

LINE 11.

LINE 12.

LINE 13.

LINE 14.

TOaanountofnterest ,Ob lO , D,2°,

..........................................

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EXAMPLE: If you determine that you owe $100,000 on the due date (August 15) and you file and pay the tax on August 26, then you

are 11 days late in making the payment. The calculation of the interested owed is as follows: [$100,000 * (11/365)] * 12% = $361.64.

Enter 5% of line 9 to compute penalty if tax is not paid when due. The tax is due on or before the last day of the month

following the end of the quarter. For example, the tax for the first quarter is due on or before April 30th.

Enter the total tax penalty and interest due to the City of Chicago (add lines 9, 10, and 11).

Overpayment. If line 9 is less then 0, enter the amount of overpayment.

If you want the amount of the overpayment to be credited to next year's estimated tax, enter a check in the credit box.

Otherwise, check the refund box.

NOTE: Any amounts overpaid will first be applied to deficiencies outstanding for this tax and to deficiencies for any other

City of Chicago tax for which you are registered.

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FOR ADDITIONAL INFORMATION, CALL 312-747-9723 (TrY 312-744.2975)

NOTE:

YOU MUST COMPLETE ALL INFORMATION ON THIS PAGE FOR THIS RETURN TO BE CONSIDERED COMPLETE.

Page 2

7595022

Rev 004 0614

Instructions Form For Preparing The Ground Transportation Tax Return Page 2

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