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INSTRUCTIONS (Continued)

Figure your dealer's discount as follows:

an overpayment, you should claim the amount as a

credit on Line 6 of your July return.

If Line 10

Determine the discount rate from the table below by

of your July return shows an overpayment, the

adding the amount on Line 1, Column B, and the

department will issue a refund when your July return

amount of retail sales for the period, and use the sum

is processed.

to find your discount rate.

If you file more than one

return, add all amounts on Line 1, Column B, and all

PREPARATION OF FORM ST-6B:

retail sales to find your discount rate.

1. Enter in the block in the upper right hand corner

Total Monthly Cost of Tangible Personal

name, address, account number, and filing period.

Property Plus Retail Sales from All

Dealer's Discount

Locations

2. Enter in the column headed "Tax" and on the same

Rate

IS AT LEAST

BUT LESS THAN

line with the name of the appropriate county or

$62,501

.0343

city, the total of the following items:

$62,501

$208,001

.0257

a. The local tax due on the cost price of all tangible

$208,001

.0171

personal property purchased tax exempt in the

Enter on Line 3, Column B , the dealer's discount by

locality and used for a taxable purpose during

multiplying the amount of state tax on Line 2, Column

the month. (A purchase made in Virginia is sub-

B, by the applicable discount rate determined above.

ject to the local tax in the county or city where

the purchase was originally made.)

4. Enter on Line 4 the amount of Line 2 less Line 3.

b. The local tax due on the cost price of all tangible

5. Add Line 4, Column B and Line 2, Column C and enter

personal property purchased exclusive of Virginia

on Line 5.

tax outside Virginia and used for a taxable

purpose during the period. (A purchase made out-

6. For your June return, enter only the amount of

side Virginia is subject to local tax in the county

accelerated payment you made for the month of June

or city where the property is used.)

with your Accelerated Payment Voucher.

For your

July return, enter the amount of any overpayment

NOTE: If you are unable to accurately assign a par-

reported on Line 10 of your June return.

ticular item of tangible personal property purchased

outside Virginia to the specific county or city of use

7. Subtract the amount claimed on Line 6 from Line 5

or consumption, enter the tax on such item on the

and enter the result.

If the result is less than zero,

line with the code number "300" labeled "Unassigned".

use parentheses to indicate an overpayment; for

example, (100.00).

3. Enter in the "Total" line, the sum of the entries in

8. Enter on Line 8 penalty if you file the return and pay

each column.

This figure must agree with the entry in

the tax after the due date.

The penalty is 6% of the

Line 2, Column C, Form ST-6AP.

tax due on Line 7 for each month or fraction of a

month, not to exceed 30%.

The minimum penalty

FILING:

Unless paying by Electronic Funds Transfer,

is $10 even if no tax is due.

make a check or money order payable to the Department

of Taxation for the amount due on Line 10 and mail with

9. Enter on Line 9 interest if you file the return and or

Form ST-6AP and Form ST-6B to the Department in the

pay the tax after the due date.

Interest is computed

preaddressed envelope.

Checks returned by the bank

on the tax due on Line 7 at the rate established in

will be subject to a penalty of $25.00 in addition to

Section 6621 of the Internal Revenue Code of 1954,

other penalties.

as amended, plus 2%.

The Tax Department accepts return payments by Electronic

10. If Line 7 shows a tax due, add Lines 7, 8, and 9, and

Funds Transfer (EFT).

Returns must still be submitted to

enter the total on Line 10.

This is the total payment

the department so local monies can be properly dis-

due with your return.

If Line 7 shows an overpayment,

tributed.

For more information on making EFT payments,

subtract Line 8 from Line 7 and enter the total on Line

contact the Department at (804) 367-8037.

10.

For your June return, if Line 10 still reflects

Form St-6ap - Direct Payment Permit Sales And Use Tax Reconciliation Worksheet - Va Department Of Taxation Page 2

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