Instructions For Preparing The Nontitled Personal Property Use Tax Return

ACCOUNTNUMBER

LINE 3.

LINE 4.

LINE 5.

LINE 6.

LINE 7.

LINE 8.

LINE 9.

LINE 10.

LINE 11.

LINE 12.

LINE 13.

13a.

13b.

13c.

LINE 14.

LINE 15.

LINE 16.

LINE 17.

Enter purchase subject to tax (subtract line 21 from line 1 ).

Praprinted tax rate.

Computed tax (multiply line 3 by line 4).

Subtract other municipal sales tax actually paid to an out-of-Chicago retailer at the time of purchase, but not to exceed 1% of the

purchase price. Include in this line tax paid to out-of-Chicago retailers who are voluntary collectors of the 1% Chicago Sales Tax.

Computed tax after allowance for other municipal sales tax paid.

a. Enter $25 annual tax credit for taxable property purchesed. (A taxpayer may not apply unused tax credit for any one taxable

year against a tax liability arising in any other taxable year.)

b. Enter the tax dueafter annual credit (subtract line 8a from line 7).

Enter the total amount of all the current year's tax payments you have remitted to the department.

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 applical~e credit letter or the credit will be disallowed.

Total credit balance (add lines 9 and 10).

Total tax due (subtract line 11 from line 8b). If line 12 is greater than 0, enter the amount owed. If line 12 is less than 0, skip

to line 16.

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

..~.....:,.

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

Enter number of days late

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

Enter amount from line

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

Total amount of interest (13b * [13a / 365]) * 12% ...........................................

' ....

EXAMPLE: If you determine that you owe $100,000 onthe 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 12 to compute penalty if the tax is not paid when due.

Enter the total tax, interest, and penalty due (add lines 12, 13, and 14).

Overpayment. If line 12 is less than 0, enter the amount of overpayment.

If you want the amount of the overpayment to be creditedto 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 v~ich you are registered.

FOR ADDITIONAL INFORMATION, CALL 312-747-9723 (TTY 312-744-2975).

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

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Rev 007 0615

Instructions For Preparing The Nontitled Personal Property Use Tax Return - 8402co Contractor Page 2

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