Form Tpt-1 Sample - Transaction Privilege And Use Tax Return (Page 5 of 5) in pdf

DUE DATE: The due date for the city privilege tax is the 20th of the month following the reporting

000XXXXXXXXXXX20XX

period. A return is considered timely if received by the last business day of the month. A business

day is any day except Friday, Saturday, Sunday, or legal city holiday.

License No.

XXXXXXX

Reporting Period

month/year

PENALTIES: 1. Failure to File - A penalty of 5% of the tax due will be assessed for each month,

Due Date

XX/20/XXXX

or fraction elapsing between the delinquency date of the return and the date on which it is filed.

Filing your return on time, whether or not you pay the tax due, will avoid the late filing penatly.

2. Failure to Pay - A penalty of 10% of the unpaid tax will be assessed if the tax is not paid timely.

3. Total Penalty - Total penalties assessed will not exceed 25%.

POSTMARKS ARE NOT EVIDENCE

INTEREST: Mesa's interest rate is the same as the State rate and continues to accrue until taxes

OF TIMELY FILING.

are paid. This interest rate is subject to change on a quarterly basis as established by the I.R.S.

CHECK YOUR RETURN: Check the amounts recorded by type of income for each line item as follows.

* Itemized deductions equal the total deductions recorded.

* Taxable income equals gross income less total deductions.

* Tax due is equal to the amount obtained by applying the preprinted tax rate to the taxable income amount.

* Total tax due equals tax due plus any excess tax collected.

FOR ASSISTANCE, CALL: City of Mesa(480)644-2316 Fax:(480) 644-3999

SCHEDULE A - DETAILS OF DEDUCTIONS: Enter below the deductions and exclusions you used in computing your city transaction

privilege tax or use tax. You must keep a detailed record of all deductions and exclusions. Failure to maintain proper documentation

and records required by city ordinance may result in their dissallowance. A separate detail of city records and documentation must be

maintained only when the income, deductions or exemptions are different from state requirements.

Please note : Not all deductions are available to all business classifications.

NOTE: The line numbers at the top of each column below correspond with the line numbers of the business descriptions listed on the front page.

Bus. Class

Code

LINE 1

LINE 2

LINE 3

LINE 4

LINE 5

LINE 6

1. Total tax collected or factored

(State, county and city)

2. Bad debts on which tax was paid

RETAIL & PERS. PROP. RENTALS

3. Sales for resale

4. Repair, service, or installation labor

5. Discounts and refunds

6. Sales to qualified health care org.

SALES TO U.S. GOVERNMENT

7. By retailer 50% deductible

8. By manufacturer and repairer

(100% deductible)

9. OUT-OF-STATE SALES

CONSTRUCTION CONTRACTING

10. 35% reduction of gross receipts

11. Exempt sub-contracting income

12. Out-of-City Contracting

OTHER DEDUCTIONS

13. Sales of motor vehicle and use fuel.

14. Sales of exempt machinery & equip.

15. Prescription drugs/prosthetics

16. Food for home consumption

17. Other (explain) _______________

18. Other (explain) _______________

19. Other (explain) _______________

20. Other (explain) _______________

Total Deductions

SCHEDULE B

Excess Tax Collected by Business Class

Allowable Credits by Business Class

Jet Fuel

________gals. X .03=__________ >>> transfer this amount to line 10 on front page.

(TPT-1) (Rev. 09-05)

Form Tpt-1 Sample - Transaction Privilege And Use Tax Return Page 5

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