Form It-20 - Corporation Income Tax Return - 1998 Page 2
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1
2Apportionment of Income for Indiana
Schedule E -
IT-20 1998
Page 3
(Rev. 9-98)
Name as shown on return
Federal Identification Number
Read instructions on page 8.
The following information is to be submitted by corporations having income from
sources both within and outside the state. (Interstate transportation entities must
COLUMN A
COLUMN B
COLUMN C
use Schedule E-7).
Total
Total Within and
Indiana
Within Indiana
Percentage
Outside Indiana
1.
Property Factor - Average yearly value of real and tangible personal property used in
the business whether owned or rented. (Owned property at original cost, see instructions.
Exclude property not connected with the business and value of construction in process).
(a) Property reported on federal return at original cost.....................................................
(b) Fully depreciated assets still in use at cost.................................................................
(c) Inventories (including work in progress)....................................................................
(d) Other tangible personal property................................................................................
(e) Rented property (8 times the annual net rental).........................................................
Total Property Values: Add lines 1(a) through 1(e)......................................................
S3
S1
S2
.
%
2.
Payroll Factor - Wages, salaries, commissions, and other compensation of employees
related to business income included in the return. If the amount reported in column A
does not agree with the total compensation reported for unemployment insurance pur-
poses, attach a detailed explanation.
Total Payroll Value: .......................................................................................................
T1
T2
T3
.
%
3.
Receipts Factor (less returns and allowances)
(a) Sales delivered or shipped to Indiana:
(1) Shipped from within Indiana............................................................................
(2) Shipped from outside Indiana...........................................................................
(b) Sales shipped from Indiana to:
(1) The United States Government........................................................................
(2) Purchasers in a state where the taxpayer is not subject to
income tax (under P.L. 86-272)........................................................................
(c) Interest income and other receipts from extending credit attributed to Indiana..............
(d) Other gross business receipts......................................................................................
Total Receipts: Add column A lines 3(a) through 3(d); enter all receipts in box U2 ...................
U1
U2
4. Summary - Apportionment of Income for Indiana
Receipts Percentage for factor 3 above: Divide U1 by U2, enter result here:
.
%
X 200% (2.0) double-weighted adjustment......................
(a)
U3
.
%
Total Percents: Add percentages entered in boxes S3, T3 and U3 of column C. Enter sum...................................................................................................................
(b)
V
.
%
Indiana Apportionment Percentage: Divide box V by 4 if all three factors are present. Enter here and on Schedule B, line 35..............................................................................
(c)
W
.
%
NOTE: If either property or payroll factor for column B is absent, divide box V by 3. If the receipts factor (U2) is absent, you must divide box V by 2. See instructions on page 9.
Business Income Questionnaire - (This section must be completed - attach additional sheets listing business activities and locations in other states)
5.
Describe briefly the nature of the Indiana business activities including the exact title and principal business activity of any partnership in which the corporation has an interest:
Describe briefly the nature of activities of sales personnel operating and soliciting business in Indiana:
Do Indiana receipts on box U1 include all sales shipped from Indiana to (1) where the purchaser is the U.S. government; or (2) locations where the taxpayer's only activity
in the state of the purchaser consists of the mere solicitation of orders?
Yes
No
If not, please explain:
Consumer's Use Tax Worksheet for Line 50, Form IT-20
List all taxable purchases of property where Indiana sales tax was not paid.
Read instructions on page 11. (If more space is needed to list puchases, use an additional sheet.)
Date of
Purchase/rental price
Vendor
Description of tangible personal property purchased or rented
purchase or rental
of property
1.
Total purchase/rental price of property subject to
15
the sales/use tax.
1
Note: Do not include the following items on the worksheet:
2.
Use tax (5% of line 1).
2
automobiles, watercraft, aircraft, and trailers. A credit for taxes
previously paid is not allowed for these items required to be titled,
3.
Sales tax previously paid on the above items up to
registered, or licensed by Indiana. For more information regard-
5% credit per item.
3
ing use tax, call (317) 233-4015.
4.
Use tax due (line 2 minus line 3). Carry this
amount to line 50 of Form IT-20. If the amount is
4
negative, enter zero.
15
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