Instructions For Completing The Temporary Registration Certificate (Page 4 of 4) in pdf

Instructions For Completing The Temporary Registration Certificate Page 4

MONTHLY SMALL BUSINESS B&O TAX CREDIT TABLE

The Small Business B&O Tax Credit is available for temporary filers whose total B&O tax due is

less than $71 per month. To claim your tax credit, follow the steps below. Note: The credit

may be used only against the B&O tax, not retail sales or use tax due. Also, You cannot carry

this credit over to another tax return. The credit must be used on the Temporary Registration

Certificate for your current reporting period.

If Your Total Business and

Your Small Business

Occupation Tax is:

B&O Tax Credit is:

At Least

But less Than

Equal to the Amount

$ 0

$36

of B&O Tax Due

$36

$41

$35

$41

$46

$30

$46

$51

$25

$51

$56

$20

$56

$61

$15

$61

$66

$10

$66

$71

$ 5

$71

or more

$ 0

How to Determine Your Small Business B&O Tax Credit

Step 1:

Determine the total Business and Occupation (B&O) tax due. (Add lines 1-4, column

5, on the Temporary Registration Certificate.)

Step 2:

Locate the total B&O tax due in the table to the left.

Step 3:

Read across to the next column. This is the amount of your Small Business B&O

Tax Credit.

Note: If your total B&O tax due is less than $36, the Small Business B&O Tax Credit

will be equal to the amount of B&O tax due.

Write the amount on line 19, of the Temporary Registration Certificate.

Step 4:

REV 32 0051inst-4 (1-01-02)

page 4

Instructions For Completing The Temporary Registration Certificate Page 4

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