Form Pra-114 - Instructions For Premier Resort Area Tax Return Page 2
ADVERTISEMENT
1
2INSTRUCTIONS FOR LINES 1 THROUGH 9
Lines 1a - 4a. Enter the amount of taxable receipts from
This is your allowable retailer’s discount for purposes of
the retail sale or rental of tangible personal property or
the premier resort area tax. Note: The total discount for
taxable services in the appropriate premier resort area.
the state, county, and stadium, sales and use taxes, and
The types of tangible personal property and services that
premier resort area taxes may not exceed $1,000 for the
are subject to the 5% Wisconsin state sales tax are also
reporting period.
subject to the premier resort area tax. The premier resort
If your total state, county, stadium, and premier resort area
area tax may not be imposed on any types of property or
tax for the reporting period is more than $10 but less than
services that are not subject to the state sales tax.
$2,000, your retailer’s discount for purposes of the premier
If property or services are exempt from state sales tax, they
resort area tax is zero (0). You would have already claimed
are also exempt from the premier resort area tax.
your allowable $10 retailer’s discount on your Form ST-12.
Note: Publication 403, Premier Resort Area Tax, should be
If your total state, county, stadium, and premier resort area
used to obtain information on who and what is subject to
tax for the reporting period is equal to or less than $10,
the tax. You should have previously received this publica-
your retailer’s discount is equal to the tax shown on line 5.
tion. Contact the Wisconsin Department of Revenue, PO
The retailer’s discount is only allowed on timely reported
Box 8949, Madison WI 53708-8949 or call 608-266-2776
and paid taxes. A mailed return is considered timely filed
if you need this publication.
and the tax timely paid only when all of the following
conditions are met: it is mailed in a properly addressed
Lines 1b - 4b. Calculate the appropriate amount of the
envelope with the postage duly prepaid; the envelope is
tax by multiplying the taxable sales by either .005 or .01
postmarked on or before the due date; and it is received
based on the resort area.
by the department within 5 days of the due date.
Line 5. Total premier resort tax: Add the amounts
Line 7. Net premier resort tax: Subtract line 6 from
entered on lines 1b - 4b. Enter the result on line 5.
line 5 and enter the result on line 7.
Line 6. Retailer’s discount: For reporting and collecting
Line 8. Interest and penalty: If you do not file a return
state, county, stadium, and premier resort area taxes,
on time, you are subject to interest at the rate of 1.5% per
retailers may deduct the greater of 0.5% of the taxes pay-
month on the tax on line 7 from the due date to the date
able or $10 for the reporting period, but not more than
the return is filed. Include this amount on line 8.
the taxes payable. To determine the amount of retailer’s
discount that may be claimed, you should complete your
In addition, late returns may be subject to (1) a $20 late
state, county and stadium sales and use tax return prior to
filing fee, and (2) a negligence penalty of 5% per month,
completing your premier resort area tax return.
up to a maximum of 25%, of the tax on line 7. These
penalties may be waived in the case of death of the person
Note: If you are a monthly filer for state sales and use tax
required to file the return, or if another reasonable expla-
purposes, but a quarterly filer for purposes of the premier
nation exists for the late filing. You will be notified if an
resort area tax, add the state, county, and stadium tax
additional amount is due.
computed on timely filed monthly returns that cover the
same reporting period as the premier resort area tax return.
Line 9. Total Due: Add the amounts on lines 7 and 8
The following worksheet will assist you in determining the
and enter the total on line 9. This is the amount you owe.
retailer’s discount you may claim on your Premier Resort
CAUTION: DO NOT reduce the amount due on this line
Area Tax Return:
by any refund or credit from prior period returns.
Payment of the amount due may be made by check or
a) State, County and Stadium Sales
money order payable to the Wisconsin Department of
Tax on timely filed return(s)
Revenue. Write your tax account number on your check or
(from Form ST-12, line 17)
______________
money order and be sure to enclose it with your completed
b) Premier Resort Area Tax
Premier Resort Area Tax Return.
(from line 5)
+ ______________
c) Total State, County, Stadium,
Sign and date your return. Be sure to sign and date your
and Premier Resort Area Tax
= ______________
return in the area provided near the bottom of the return.
If your total state, county, stadium, and premier resort
Phone number. Enter the telephone number where you
area tax for the reporting period is equal to or greater
can be reached during the day.
than $2,000, multiply the amount on line 5 times .005.
2
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial