City Of Loveland Sales Tax Return Instructions Sheet
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1CITY OF LOVELAND SALES TAX RETURN INSTRUCTIONS
Line 1
Enter total receipts from all sales, services, rentals,
Line 4
Enter the difference between Line 2B and 3
leases (both taxable & non-taxable)
Line 2A
Enter bad debts collected during the period, which
Line 5
Calculate the amount of Loveland sales tax
were previously deducted on line 3D in prior periods
due by multiplying Line 4 by 3%
Line 2B
Enter the total of lines 1 and 1A
Line 6
Enter the amount, if any, of Loveland tax
collected from customers in excess of the
amounts on Line 5
Line 3A
Enter receipts from non-taxable service charges,
Line 7
Enter the totals of Line 5 and Line 6
fees, or labor
Enter sales to other licensed dealers for resale
Line 3B
Line 8
If this return is filed by the due date, enter
2.0 % of line 7. (MAX $150.00)
Line 3C
Enter sales of goods shipped or delivered
Line 9
Enter the difference between Line 7
outside of Loveland to a non-resident
and Line 8
(Including Building Materials)
Line 3D
Enter unsecured bad debts from open accounts
Line 10
Enter the total from Schedule B (Construction
written off during the reporting period. Enter
Use tax)
only those bad debts upon which Loveland tax
was previously remitted. Bad debts are not
deductible if returns are filed on a cash basis, or,
if the seller retains title to the merchandise as
collateral
Line 3E
Enter the amount allowed to customers for
Line 11
Calculate the amount of construction use tax
trade-ins during the reporting period. This
by multiplying Line 10 by 3%
deduction is only allowed if the exchanged
property will be resold at a retail by the
taxpayer
Line 3F
Enter receipts from sales of gasoline and
Line 12
If the return is filed after the due date, calculate
cigarettes. Cigars and other tobacco products
the following late filing fees.
Penalty: Add Lines 9 and 11 and add $15.00 OR
are subject to tax
Line 3G
Enter receipts from sales to religious, charitable,
multiply by 10% (whichever is greater)
or governmental organizations, which are exempt
Interest: Add Lines 9 and 11 and multiply by 1%
from Loveland tax and have a valid exemption
for each month late
number. The number must be shown on the
invoice to be exempt
Line 3H
Enter the sales amount of any goods returned
Line 13
Enter the total of Lines 9, 11 and 12
during the period on which Loveland tax was
previously submitted
Line 3I
Enter receipts from sales of prescription drugs,
Line 14
Enter the total amount due if you received a
wheelchairs, and other prosthesis devices
deficiency notice. If you are claiming a credit you
Line 3J
Enter receipts from sales purchased with
must attach documentation and enter the amount
food stamps
here or file a claim for refund
Line 15
Line 3M
OTHER DEDUCTIONS: (Please list)
Enter the total of Lines 13 and 14
Sales of building materials to building permit holders
when delivered within the City Limits
Schedule B - Construction Use Tax
(Exclude pickups in the City
$
Calculate the amount of construction use tax due
using County Permits)
by multiplying the purchase price by 3%.
Trash Stamp Sales
$
NOTE:
The City of Loveland does not have a
Restaurant Utility Adjustment
$
consumer use tax, however, we do charge
Lodging over 30 days
$
sales tax on the sale of tangible personal
Miscellaneous Other
$
property
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Parent category: Financial