Business Tax Act / License And Tax Report Form - Thompson'S Station, Tn printable pdf download

This application along with proper remittance must be

BUSINESS TAX ACT

received by this office on or before the dates applicable

FOR USE BY THE CITY ONLY

LICENSE AND TAX REPORT

to the classification in which the business is classified or

within 20 days after commencement of business, for a

new business, or pentalty and interest provided by

Date revieved

Thompson's Station, TN

Section 67-4 720, Tennessee Code Annotated will apply

Application for Business Tax License and Report As

Required by Section 67-4-715 Tennessee Code Annotated

Business Tax Reciept Number(s)

BUSINESS CLOSING

Classification Number

A FINAL REPORT MUST BE FILED

TAX PERIOD

WITHIN 15 DAYS OF YOUR LAST DAY

Amount Received Minium Tax

OF BUSINESS TO AVOID PENALTY

AND INTEREST.

MAIL RETURNS AND REMITTANCES TO:

Town of Thompson’s Station

In case of fraudulent return, or where no return has been

c/o RDS Business Licenses

Business Tax

filed, where willful intent exists to defraud, a specific

PO Box 830725

penalty of the tax shall be assessed.

Birmingham, AL 35283

Penalty and Interest

For assistance please call 1-800-556-7274

Firm Name

Owner

Mail Address

Account No.

City State Zip

Federal Employer ID (FEIN)

Physical Address

State Sales Tax Number

Business Class

City State Zip

Retail

Wholesale

Tax Period

Deliquent

Retail

Wholesale

Tax Period

Deliquent

Class 1A

0.001

0.000250

Jan 1-Dec 31

March 1

Class 2

0.001500

0.000375

Apr 1-Mar 31

June 1

TAX RATE TABLE

Class 1B & 1C

0.001

0.000375

Jan 1-Dec 31

March 1

Class 3

0.001875

0.000375

July 1-June 30

Sep 1

Class 1D- Fuel

0.0005

Class 4

0.001000

Oct 01-Sept 30

Dec 1

B. Type Business--Dominant Activity (primary product, vocation or occupation)

If this is a final report, state date business ceased to operate.

Total Gross Sales for Tax Period (Less Sales Tax)……………………………………………………………………………………………………………………………………………………………

Less: Deduction for Business Tax Purposes from Line 12, Schedule A……………………………………………………………………………………………………………………………………………………………

Taxable Gross Sales or Services for Tax Period (Line 1 Less Line 2)………………………………………………………………………………………………………………………………………………….

a. Retail Sales

of Taxable Gross Sales……………………………………………………………………….

(If greater than 80% put 100% in Wholesale and 0% in Retail)

b. Wholesale Sales

of Taxable Gross Sales

(If less than 20% put 100% in Retail and 0% in Wholesale)

Retail Rate of Tax

(Line 3a Multiplied by Rate)………………………………………………………………………………………………………………………………..

Wholesale Rate of Tax

(Line 3b Multiplied by Rate)………………………………………………………………………………………………………………………………..

0.00

a. Preliminary Gross Business Tax Due (line 4 plus 5)

……………………………………………………………………………………………

b. LESS:

)

Min. License Fee Pd. for last year's license (Former Lic. #

Limited to amount on line 6a

c. Business Tax Base Prior to Local/State Calculations - Line 6a - Line 6b (do not enter less than zero)……………………………………………..$

LOCAL

STATE

7. a. Local 66.67% of Line 6c…………………………………………………………………………………………………………………………

b. State Line 6c less 7a……………………………………………………………………………………………………………………………………………………………………………………………..

Allowable Credits:

8. Less: Personal Property Tax (Limited to Local Tax Amount - Line 7a)………………………………………………………………………………….

Personal Property Tax Date Paid.

Receipt #

9. a. Tax-Local - Lines 7a less Line 8 (do not enter less than zero); State - enter line 7b…………………………………………………………..

b. Calculate 15% state share of local tax

Line 9a (local) times 15%= 9b

c. Local & state tax liability. Local - Line 9a (local) less line 9b; State - Line 9a (state) plus line 9b………………………………………………….. $

Important: If this return is filed with the proper collecting agencies prior to the delinquency date shown above for the appropriate

business class, skip to line 12 below. If filed late, proceed to lines 9d thru 11 to calculate the proper penalty and interest to report.

d. Calculate percentage used to allocate penalty and interest. Divide line 9c (Local) by the Sum of

amounts (Local & State) Line 9c and enter as a percentage using the format of xx.xx%. Repeat

calculations dividing line 9c (state) by the Sum of Amounts (local & state) line 9c

10.

Penalty

(Rate = 5% for each 30 day period or portion thereof for which tax is delinquent (total penalty no to exceed 25%)

Calculate total penalty - apply rate to sum of amounts (local & state) Line 9c and enter results here (See instructions)

(Minimum penalty = $15)………………………………………………………………………

Penalty = $

a. Local - Multiply Penalty amount by percentage in line 9d (Local)……………………………………………………………………………

b. State - Multiply Penalty amount by percentage on line 9d (State)…………………………………………………………………………………………………………………………………………

11.

Interest (Rate x # of days delinquent divided by 365.25 x Line 9c)

[Computed daily from date delinquent until paid]

12.

Total Add Lines 9c, 10a, 10b & 11 (if applicable) from BOTH Local & State Columns………………………………………………………………….

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

13.

Collecting and Recording Fees ($5 per location for consolidated return)……………………………………………………………………………

14. Minimum Tax For Next Period Note: Minimum tax is due regardless of amount of credits claimed Line 8

($15 per location for consolidate return)………………………………………………………………………………………………………………..

15.

Penalty

Add 5% of Line 14 for each 30 day period or portion thereof for which tax is delinquent - Not to exceed 25%

16.

Interest (Rate x # of days delinquent divided by 365.25 x Line 14)……………………………………………………………..

17.

Total Minimum Tax and Business Tax

………………………………..

Sum of Amounts in Line 12, 13, 14, 15, 16 from Local & State Columns

Make Check for Amount in Line 17

Business Tax Act / License And Tax Report Form - Thompson'S Station, Tn

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